CHF/SEK may rise 541 - 791 pips

12.01 is our pivot point.

Our preference

The upside prevails as long as 12.01 is support.

Alternative scenario

Below 12.01, expect 11.96 and 11.94.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 12.02 and 12.01). Finally, the CHF/SEK is trading above its upper Bollinger band (standing at 12.04).

Supports and resistances

12.18 **

12.16 *

12.13 **

12.11

12.05 last

12.02

12.01 **

11.96 *

11.94 **

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