Time for USDSEK correction

12 October 2022 340
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A "double top" may form on the chart of the USDSEK currency pair, with the first correction target at 10.85 and the second target at 10.5. The Stochastic indicator highlights an overbought, increasing the likelihood of a decline.

 

Perhaps the data on US inflation, which will be published today and tomorrow, will help USDSEK turn the technical prerequisites for a correction into reality.

This content is for informational purposes only and is not intended to be investing advice.

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