For this week, SEB FX-O-Meters model recommends long NZD/USD, EUR, NZD, and AUD/USD.
"Long-term corrections are short-term trends… The three top trends this week are all working to lower the stretch.
Especially the NZD/USD up trend (and correction of negative stretch) is attractive given the relatively low volatility (-0.06 i.e. lower than usual) and the 20d rank of 1 indicating that we are the top of the trend, i.e. no correction to a previous strong trend," SEB clarifies.
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