USD/SEK may fall to 10.0590 - 10.2060

Our pivot point stands at 10.7410.

Our preference

The downside prevails as long as 10.7410 is resistance.

Alternative scenario

Above 10.7410, look for 10.9900 and 11.1380.

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 10.6469 and 10.5635).

Supports and resistances

11.1380 **

10.9900 *

10.7410 **

10.6430

10.5398 last

10.2060

10.0590 **

9.9110 *

9.7640 **

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