USD/SEK may fall 436 - 646 pips

Our pivot point is at 10.5430.

Our preference

The downside prevails as long as 10.5430 is resistance.

Alternative scenario

Above 10.5430, look for 10.5790 and 10.6010.

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 10.5250 and 10.5135).

Supports and resistances

10.6010 **

10.5790 *

10.5430 **

10.5290

10.5096 last

10.4660

10.4450 **

10.4230 *

10.4020 **

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