Wed, 01 Mar 2017 14:51:03 GMT
USD/SEK 4H Chart: Channel Up
The US Dollar is trading simultaneously in two ascending channel patterns against the Swedish Krona, as the minor channel is a representation of the rates rebound against the dominant channel pattern's lower trend line. However, the surge has been already twice stopped and reversed by the 23.60% Fibonacci retracement level at 9.0799. The Fibonacci retracement levels for this pair are