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USD/SEK Bulls are losing momentum

USD/SEK sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line.

On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions.

The fact that the MACD hasn't been under zero for at least one week of trading, reinforces the argument that room for further USD/SEK depreciation is there.

EUR/SEK Bulls are losing momentum

EUR/SEK Bulls are losing momentum
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USD/CAD falls to 2-day lows

USD/CAD continued to move with a bearish bias during the American session and printed a fresh daily low at 1.3362. The pair is trading slightly above the lows still holding a bearish tone.
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