Most leads indicate that the correction lower in the dollar is over. Above 79.37 in the dollar index and below 1.3273 in EURUSD would fully confirm this… AUDUSD seems to have at large respected overhead resistance and is also southbound again… EURGBP is also likely well passed a correctional peak. Below 0.8519 would confirm…
The EUR/SEK scene changed after GDP yesterday and 9.2100\9.2350 is likely new resistance… The move lower in USDSEK however looks correctional and should end no later than at 6.79… EURNOK did the same trick as EURSEK but to a lesser degree. Resistance pockets likely at 7.8250 and 7.8680… In this environment NOKSEK still looks more offered than bid…
EURPLN is likely completing a “bullish triangle” and could extend the move higher with 4.5750\4.6000 being the next target area…
German & US bonds enjoy support below while S&P500 faces resistance above… Worth noting is how close the Shanghai C index is to pull another notable bearish trigger (at 2307)… Brent Crude is extending the top of a “right hand shoulder” in a larger top formation…
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http://www.easyforexnews.net/wp-content/uploads/2011/11/TA3011.pdf
Tech team
Skandinaviska Enskilda Banken AB