2. 2 Possible targets at the 1.272 and 1.62 * Wave 1.
2. Things are heating up in the States, we will see how long it will last.
3. Global growth rate slowdown (particularly the EU(Italy, Spain, France) Turkey, China, Canada, Australia) will catch up onto the States in the near term. There's a good chance that the new tariffs will stay in place.
=>2007-09 Pattern should reoccur, as USD usually corrects very hard during recessions, as Swedish GDP is quite stable, ironically because of the good safety net and unemployment spending. The US can't even borrow soo much money anymore and the deficit is rising.
USDSEK at current sell zone at the 1.272 extension (9.87).
Breaking-out, would follow the chart until 1.62 extension(10.44).