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Extending broader gains

SEK
  • The SEK extends gains against the EUR and the USD, and the currency is up across the board against the majors.
  • EURSEK is now seeing its biggest single move since the 26th April, led by Real Estates and SBB soaring, following report that Brookfield Asset Management were among investors in early talks on SBB asset sales.
  • Next immediate support in EURSEK is at 11.4874, the 38.2% short term retrace of the May rally.
  • USDSEK sees the same retracement level towards 10.6426.

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