SamKent

USD/SEK Buying Zone

Long
FX:USDSEK   U.S. Dollar / Swedish Krona
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The USD/SEK 1D chart is in an accelerated bull trend. Both oscillators are at overbought readings, so we expect some sort of correction in the near future. Given this, we're looking at the 7.400 to 7.500 area as an interesting buying area, combining both trend lines as well as the 50% retrace of the latest bull wave. We'd like to see the oscillators return to around equilibrium as well before entering out position.

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