Technical Analysis – USDSEK fails attempt for strong close above 17-year high; declines back below

USDSEK rallied to a new 17-year high of 9.6980, starting from a low of 9.2985 on July 18. But sellers would not have it, and drew the price back below 9.6858, which was the previous 17-year high back in May. Despite bullish signals from the 50-, 100-day simple moving averages (SMAs), as they are heading […]