USD/SEK
After a rebound, the cross has failed to clear a resistance at 6.5515 (upper limit of the short term bearish channel) before resuming its downtrend. A return to the recent low around 6.44 is likely. Its break would prolong the downtrend toward the next medium term support between 6.2975 and 6.31. A break back above 6.5450 would instead favor a rebound toward 6.5935 then 6.6720 (short term retracement). Short – Stoploss @ 6.5205 – Target @ 6.44.
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Natixis