USD/SEK may rise to 10.8770 - 11.0530

10.2620 is our pivot point.

Our preference

Rebound towards 11.0530.

Alternative scenario

The downside breakout of 10.2620 would call for 9.9680 and 9.7920.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (10.4836) but under its 50 period moving average (10.6888).

Supports and resistances

11.4050 **

11.2290 *

11.0530 **

10.8770

10.5143 last

10.3780

10.2620 **

9.9680 *

9.7920 **

Number of asterisks represents the strength of support and resistance levels.