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Has the correction in USD/SEK run its course?

Although positively aligned, the 50- and the 200-period SMAs see the USD/SEK quoting between both averages on 4H charts.

The shift from a steady rally to the unfolding of a corrective pattern has brought RSI below its 35% level, considered oversold territory in an otherwise bullish context.

While still above its 200 SMA, buyers may try to keep the upward trajectory in place. If taken out, a slide below the 200 moving average would suggest an increased risk that the corrective process has developed into a new downward trend. A close back above the 50 SMA would delay the current stumbling and spur ideas that another wave of demand is likely.

USD/NOK accomplishes and closes below key SMA

USD/NOK accomplishes and closes below key SMA
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EUR/USD: consolidation between 1.10 - 1.14 seems set to continue - Lloyds Bank

Analysts from Lloyds Bank, point out that the EUR/USD  pair seems set to continue with a consolidation between 1.10 and 1.14 in the short-term.
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