USD/SEK may fall to 9.9540 - 10.1380

Our pivot point stands at 10.8050.

Our preference

Under pressure below 10.8050.

Alternative scenario

Above 10.8050, look for 11.1160 and 11.3010.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.6344 and 10.5964).

Supports and resistances

11.3010 **

11.1160 *

10.8050 **

10.6830

10.5317 last

10.1380

9.9540 **

9.7700 *

9.5860 **

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