CHF/SEK is neutral

Our pivot point is at 12.03.

Our preference

Technical rebound towards 12.03 before a new drop.

Alternative scenario

The upside breakout of 12.03, would call for 12.33 and 12.50.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (11.73) but under its 50 period moving average (11.79).

Supports and resistances

12.50 **

12.33 *

12.03 **

11.92

11.78 last

11.39

11.21 **

11.04 *

10.86 **

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