For this week, SEB FX-O-Meters model recommends long NZD/USD, EUR/NZD, and selling USD/SEK.
"This week NZD/USD, EUR/NZD are still top two while USD/SEK lower replaces AUD/USD as the third strongest trend.
The NZD short-term trends are still also corrections of the longer-term stretch which adds confidence in a continuation. Also NZD STFV is in an uptrend supporting yet higher NZD/USD.
All three trends have realized volatility that is lower than usual which is a good sign for a weekly trends," SEB clarifies.
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