USD/SEK may rise 509 - 749 pips

10.5180 is our pivot point.

Our preference

Rebound towards 10.6260.

Alternative scenario

The downside breakout of 10.5180 would call for 10.4770 and 10.4530.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.5610 and 10.5879).

Supports and resistances

10.6750 **

10.6510 *

10.6260 **

10.6020

10.5511 last

10.5340

10.5180 **

10.4770 *

10.4530 **

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