USD/SEK 4 hour RSI allowing a rally

USD/SEK could find itself on the verge of a near term move to the upside.

A potential bullish swing failure in the RSI(14) during the last couple days tilted the risk to the upside for the this currency pair. If bulls are able to secure this level, then RSI could roll up above the 50% in the next hours.

Germany Imports (MoM) came in at -0.2%, below expectations (1.2%) in April

Germany Imports (MoM) came in at -0.2%, below expectations (1.2%) in April
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Japan Machine Tool Orders (YoY) up to -25% in May from previous -26.4%

Japan Machine Tool Orders (YoY) up to -25% in May from previous -26.4%
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