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USD/SEK Continues to Fall

USD/SEK Continues to Fall

Thomas Long, Course Instructor

While some currencies seem to be struggling to move back to the direction of the trend, the USD/SEK has no such issue. This pair was able to move down through the previous low and continues to move down. The Swedish Krona has been strong and this pair shows that strength. I would look for selling opportunities as long as the market remains below the 6.9479 high noted on the chart.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.