USD/SEK may fall to 9.6320 - 9.8440

Our pivot point is at 10.6140.

Our preference

The downside prevails as long as 10.6140 is resistance.

Alternative scenario

Above 10.6140, look for 10.9730 and 11.1870.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.5917 and 10.5487).

Supports and resistances

11.1870 **

10.9730 *

10.6140 **

10.4720

10.2918 last

9.8440

9.6320 **

9.4190 *

9.2060 **

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