USD/SEK may rise to 10.8450 - 11.0120

Our pivot point stands at 10.2640.

Our preference

Rebound towards 11.0120.

Alternative scenario

Below 10.2640, expect 9.9830 and 9.8170.

Comment

The RSI is below 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 10.5040 and 10.6155).

Supports and resistances

11.3460 **

11.1790 *

11.0120 **

10.8450

10.4904 last

10.3740

10.2640 **

9.9830 *

9.8170 **

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