USD/SEK may rise 497 - 717 pips

Our pivot point is at 10.1820.

Our preference

The upside prevails as long as 10.1820 is support.

Alternative scenario

The downside breakout of 10.1820 would call for 10.1440 and 10.1220.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.2048 and 10.1908).

Supports and resistances

10.3320 **

10.3100 *

10.2870 **

10.2650

10.2153 last

10.1970

10.1820 **

10.1440 *

10.1220 **

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