USD/SEK may fall to 10.1120 - 10.2980

Our pivot point stands at 10.9550.

Our preference

The downside prevails as long as 10.9550 is resistance.

Alternative scenario

Above 10.9550, look for 11.2690 and 11.4550.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.8291 and 10.7216).

Supports and resistances

11.4550 **

11.2690 *

10.9550 **

10.8320

10.6749 last

10.2980

10.1120 **

9.9260 *

9.7400 **

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