USD/SEK may rise 463 - 693 pips

10.1400 is our pivot point.

Our preference

Rebound towards 10.2470.

Alternative scenario

Below 10.1400, expect 10.1020 and 10.0790.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.1809 and 10.1855).

Supports and resistances

10.2920 **

10.2690 *

10.2470 **

10.2240

10.1777 last

10.1540

10.1400 **

10.1020 *

10.0790 **

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