USDSEK false breakout?

The USDSEK may have posted a false breakout with the daily RSI divergent. Typically, this isn’t good news for the US Dollar index. The USDSEK tends to be a “leading” indicator for the index, and is also factored into the weighting of the index itself at 4.2%. Keep an eye out for a bearish reversal and see if it influenced the DXY as well.

USDSEK False Breakout

Blake Morrow