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Dollar/Swedish Crown Sees Golden Cross

Posted by WorldWideMarkets . on Jun 11, 2013 3:41:00 AM
swedish crownThe dollar/Swedish crown rarely makes the news but last Thursday the 50-day simple moving average rose above the 200-day simple moving average, a golden cross which some say indicates a considerable uptrend is in the making. The 50-day SMA crossed below the 200-day last October 19 and the dollar/Swedish crown gyrated lower before bottoming in mid February. The dollar is only up 1.7 percent against the Swedish crown in 2013 but look for improving U.S. fundamentals to impact as far afield as Sweden.
 

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