USD/SEK may rise 731 - 1041 pips

Our pivot point stands at 10.1870.

Our preference

The upside prevails as long as 10.1870 is support.

Alternative scenario

Below 10.1870, expect 10.1360 and 10.1050.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.2076 and 10.2266). Finally, the USD/SEK is trading above its upper Bollinger band (standing at 10.2287).

Supports and resistances

10.3940 **

10.3630 *

10.3330 **

10.3020

10.2289 last

10.2080

10.1870 **

10.1360 *

10.1050 **

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