USD/SEK may rise to 10.7310 - 10.8980

Our pivot point is at 10.1440.

Our preference

Rebound.

Alternative scenario

Below 10.1440, expect 9.8630 and 9.6950.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (10.2845) but below its 50 period moving average (10.4774).

Supports and resistances

11.2340 **

11.0660 *

10.8980 **

10.7310

10.3741 last

10.2540

10.1440 **

9.8630 *

9.6950 **

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