Chart of the Day USDSEK

USDSEK is testing the medium-term support zone

 

USDSEK reached a new high just shy of 10 and pulled back to test a support zone with 200 SMA and uptrend lines confluence. Only a confirmed daily close below this zone would lead to an extension lower. A bounce from here would lead to a retest of 9.80-10 zone.

ARMAT trading system is pointing lower

Note: look for the long trade entries with the stop loss below 9.54 level.

 

 

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