CHF/SEK may rise 686 - 936 pips

Our pivot point stands at 11.92.

Our preference

Rebound towards 12.05.

Alternative scenario

Below 11.92, expect 11.88 and 11.85.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.96 and 11.97).

Supports and resistances

12.10 **

12.08 *

12.05 **

12.03

11.96 last

11.94

11.92 **

11.88 *

11.85 **

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