USD/SEK is neutral

Our pivot point is at 10.8950.

Our preference

Technical rebound towards 10.8950 before a new drop.

Alternative scenario

The upside breakout of 10.8950, would call for 11.1830 and 11.3540.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (10.4994) but below its 50 period moving average (10.6502).

Supports and resistances

11.3540 **

11.1830 *

10.8950 **

10.7810

10.6492 last

10.2660

10.0960 **

9.9250 *

9.7550 **

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