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Free AccessBroader selling going through
- The SEK is seeing some small downside continuation, and although Sweden PMIs came lower than last, the Scandie did not react at the time of the release.
- Looking at the timing, and ~40 minutes ago, WTI has now jumped 60 cents, supporting the NOK, and US Emini drifted through its session low.
- SEK prints a session low versus the EUR, USD and the NOK.
- There isn't much in term of resistance in EURSEK at current levels, next upside area is seen at 11.3469.
- Resistance in USDSEK is seen at the 10.4600.
- NOKSEK spiked to 0.9848 Yesterday, and this will be seen as the immediate resistance.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.