USD/SEK may rise 512 - 752 pips

Our pivot point stands at 10.4540.

Our preference

Rebound towards 10.5640.

Alternative scenario

Below 10.4540, expect 10.4140 and 10.3890.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.4916 and 10.5226).

Supports and resistances

10.6130 **

10.5890 *

10.5640 **

10.5400

10.4888 last

10.4700

10.4540 **

10.4140 *

10.3890 **

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