USD/SEK may fall to 9.9760 - 10.1220

Our pivot point stands at 10.6360.

Our preference

The downside prevails as long as 10.6360 is resistance.

Alternative scenario

Above 10.6360, look for 10.8830 and 11.0290.

Comment

The RSI is below 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 10.6094 and 10.5633).

Supports and resistances

11.0290 **

10.8830 *

10.6360 **

10.5400

10.4225 last

10.1220

9.9760 **

9.8300 *

9.6840 **

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