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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.

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