USD/SEK may rise 510 - 730 pips

Our pivot point stands at 10.5530.

Our preference

Rebound towards 10.6610.

Alternative scenario

Below 10.5530, expect 10.5140 and 10.4920.

Comment

The RSI is below its neutrality area at 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 10.5881 and 10.5997).

Supports and resistances

10.7070 **

10.6840 *

10.6610 **

10.6390

10.5880 last

10.5680

10.5530 **

10.5140 *

10.4920 **

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