USD/SEK may rise to 10.9480 - 11.1060

10.3860 is our pivot point.

Our preference

The upside prevails as long as 10.3860 is support.

Alternative scenario

Below 10.3860, expect 10.1200 and 9.9620.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.5367 and 10.5778).

Supports and resistances

11.4240 **

11.2650 *

11.1060 **

10.9480

10.6186 last

10.4900

10.3860 **

10.1200 *

9.9620 **

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