USD/SEK may fall to 9.4400 - 9.6770

10.6240 is our pivot point.

Our preference

The downside prevails as long as 10.6240 is resistance.

Alternative scenario

Above 10.6240, look for 11.0280 and 11.2680.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.5457 and 10.5262).

Supports and resistances

11.2680 **

11.0280 *

10.6240 **

10.4660

10.2325 last

9.6770

9.4400 **

9.2030 *

8.9670 **

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