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USD/SEK Under Selling Pressure

USD/SEK Under Selling Pressure

Thomas Long, Course Instructor

The Swedish Krona continues to show strength as this USD/SEK daily chart shows. The series of lower highs and lower lows off of the June highs means a downtrend and that we should be looking for selling opportunities. I would maintain this bearish bias as long as the market remained below the 6.6579 high noted on the chart.

USDSEK_body_78133d1297342650-trend-day-usdsek-210.png, USD/SEK Under Selling Pressure

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

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