Chart of the day USDSEK

/ Chart of the Day / By Alex

USDSEK is rejected from a wedge top breakout failure

On the USDSEK daily chart, we can see that it is rejected from a 9.7000 level after a wedge top break failure. As long as it is below the 9.6000 level we could see a pullback into the 9.3000 level which is now acting as a support and was previously a strong upside resistance.

Note: look for the short trade entries with the stop loss above the 9.6000 level.

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