CHF/SEK may rise 568 - 828 pips

Our pivot point stands at 11.74.

Our preference

The upside prevails as long as 11.74 is support.

Alternative scenario

Below 11.74, expect 11.69 and 11.67.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 11.75 and 11.75). Finally, the CHF/SEK has crossed above its upper Bollinger band (11.77).

Supports and resistances

11.91 **

11.88 *

11.86 **

11.83

11.77 last

11.75

11.74 **

11.69 *

11.67 **

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