Tue, 01 Nov 2016 13:12:56 GMT
USD/SEK 4H Chart: Channel Up
The US Dollar recently reached the lower trend line of an ascending channel against the Swedish Krona. In addition, this move is consistent with the larger scale ascending channel, as the currency exchange rate bounced off its resistance last week. It also has to be mentioned that the large scale ascending channel is represents a breakout from a massive descending