CHF/SEK may rise 780 - 1040 pips

Our pivot point stands at 11.68.

Our preference

Rebound towards 11.83.

Alternative scenario

Below 11.68, expect 11.64 and 11.61.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.74 and 11.77). Finally, the CHF/SEK has penetrated its lower Bollinger band (11.72).

Supports and resistances

11.88 **

11.85 *

11.83 **

11.80

11.72 last

11.70

11.68 **

11.64 *

11.61 **

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