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On the daily timeframe, USDSEK is seen still moving between support lines 1 and 2, without managing to break through the kumo cloud to strengthen. Despite experiencing a long bullish trend, the pair has yet to show significant strength. After several bullish sessions, the pair is now trying to initiate bullishness again. The stochastic indicator is showing oversold conditions, signaling the potential for the bullish trend to continue. However, traders should keep an eye on other indications before making a trading decision, as volatility may still affect the next move.
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