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USDSEK 12 Jun 2024

USDSEK 12 Jun 2024 On the daily timeframe, USDSEK is seen still moving sideways under the kumo cloud, indicating that the pair has not been able to strengthen and break through the kumo. The pair continues to experience trend reversal, and is currently at 10.48634. Based on the stochastic indicator, there appears to be a crossing of the moving average which indicates a potential further decline towards level 20. This indicates that the bearish momentum is still strong, and USDSEK may continue to face selling pressure in the near future. Traders should be cautious and consider these technical conditions before making trading decisions.

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