USD/SEK may rise to 11.1790 - 11.3440

10.5920 is our pivot point.

Our preference

The upside prevails as long as 10.5920 is support.

Alternative scenario

Below 10.5920, expect 10.3160 and 10.1520.

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 above its 20 and 50 period moving average (respectively at 10.6297 and 10.6167).

Supports and resistances

11.6740 **

11.5090 *

11.3440 **

11.1790

10.8153 last

10.7000

10.5920 **

10.3160 *

10.1520 **

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