USDSEK – twin for dollar index

According to long-term observations, this pair is very clearly correlated with the dollar index. This is convenient for analyzing these two tools. Often, a clearer situation on one of them may suggest incomprehensible moments on the other.

On older timeframes, wave (D) of the triangle, which is now at its characteristic level of 61.8% of wave (B), probably comes to an end.

On the daily chart, the ending diagonal in the wave ((v)) may be coming to an end.

The last fifth wave of the diagonal is formed in the form of a zigzag, in which the impulse c is close to completion (or it was ended).

It remains to wait for the confirmation of the current scenario as a downward impulse with a subsequent correction.

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