USD/SEK will breakout from a major resistance lineThe pair will breakout from a major resistance line, sending the pair higher to retest its previous high. The new Minister for Information Technology of Sweden, Anders Ygeman, stressed his worries about the dominance of Huawei in Europe. The Chinese technology giant has been leading the 5G rollout and the US has no alternative for it. On May 2019, US President Donald Trump accused Huawei of spying for the Chinese Communist Party (CCP). He called his allies to ban the company but only Australia commits to it. Finland’s Nokia and Sweden’s Ericson haven’t received any backing from the US either. Despite this, Sweden is still reliant to the US defense. In a recent Survey, Sweden ranks second among the 29 members of the US-led NATO (North Atlantic Treaty Organization) alliance. 63% of Sweden see the alliance positively, while Poland who takes the top spot at 82% was the most satisfied among the NATO members.
