CHF/SEK may rise 629 - 859 pips

Our pivot point is at 11.92.

Our preference

The upside prevails as long as 11.92 is support.

Alternative scenario

Below 11.92, expect 11.88 and 11.85.

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 11.94 and 11.92).

Supports and resistances

12.08 **

12.06 *

12.04 **

12.01

11.95 last

11.93

11.92 **

11.88 *

11.85 **

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