USD/SEK may rise 580 - 850 pips

10.4830 is our pivot point.

Our preference

The upside prevails as long as 10.4830 is support.

Alternative scenario

Below 10.4830, expect 10.4370 and 10.4100.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10.5155 and 10.5051).

Supports and resistances

10.6710 **

10.6440 *

10.6170 **

10.5900

10.5320 last

10.5010

10.4830 **

10.4370 *

10.4100 **

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