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via fxstreet.comMarkets

Swedish Krona: technical setup points to further weakness – Societe Generale

FROM THE WIRE · FXSTREET.COM

Societe Generale notes USD/SEK broke out of a large base in September, extending its rebound and recently posting an interim high near 10.10 before a brief pullback.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishTechnical analysis of a currency pair signalling possible continuation of downtrend.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01USD/SEK broke out of a large base in September, extending its rebound.
  2. 02The pair recently posted an interim high near 10.10 before a brief pullback.
  3. 03Societe Generale's technical analysis suggests further weakness in the Swedish Krona.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Swedish Krona/US Dollar FX Cross RateSEKUSDFX pair0.09960.00%today -0.54%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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