USD/SEK may fall 524 - 764 pips

Our pivot point is at 10.2060.

Our preference

Technical rebound towards 10.2060 before a new drop.

Alternative scenario

The upside breakout of 10.2060, would call for 10.2450 and 10.2690.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (10.1596) but below its 50 period moving average (10.1686).

Supports and resistances

10.2690 **

10.2450 *

10.2060 **

10.1900

10.1684 last

10.1160

10.0920 **

10.0680 *

10.0450 **

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