USD/SEK may rise 664 - 894 pips

10.4990 is our pivot point.

Our preference

Rebound towards 10.6310.

Alternative scenario

The downside breakout of 10.4990 would call for 10.4600 and 10.4370.

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 10.5805 and 10.6097).

Supports and resistances

10.6770 **

10.6540 *

10.6310 **

10.6080

10.5416 last

10.5140

10.4990 **

10.4600 *

10.4370 **

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