USD/SEK may fall 492 - 722 pips

10.2310 is our pivot point.

Our preference

The downside prevails as long as 10.2310 is resistance.

Alternative scenario

Above 10.2310, look for 10.2710 and 10.2940.

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 10.2060 and 10.2078).

Supports and resistances

10.2940 **

10.2710 *

10.2310 **

10.2150

10.1972 last

10.1480

10.1250 **

10.1010 *

10.0780 **

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