USD/NOK..Norwegian Krona…USD/SEK..Sweden Krona

Last week the Nok put in an outside reversal week to the upside which is indicative of a stronger U.S. Dollar and weaker OIL. Today we are seeing an attempt at an outside reversal day to the upside as well after a retest of the reversal early in London. The USD/NOK # is 55151. I mention this as another tell for the risk off trade and a continued flight into dollars.

The SEK shows the exact same pattern. 62924 is the closing level.

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