CHF/SEK may rise to 12.5200 - 12.6930

Our pivot point is at 11.88.

Our preference

As long as 11.88 is support look for 12.69.

Alternative scenario

Below 11.88, expect 11.59 and 11.41.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (12.17) but above its 50 period moving average (11.90).

Supports and resistances

13.04 **

12.87 *

12.69 **

12.52

12.15 last

11.99

11.88 **

11.59 *

11.41 **

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