USD/SEK may fall to 9.4600 - 9.6970

Our pivot point is at 10.5160.

Our preference

The downside prevails as long as 10.5160 is resistance.

Alternative scenario

The upside breakout of 10.5160, would call for 10.9160 and 11.1540.

Comment

The RSI is below 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 10.5190 and 10.5185).

Supports and resistances

11.1540 **

10.9160 *

10.5160 **

10.3590

10.1896 last

9.6970

9.4600 **

9.2230 *

8.9860 **

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