USD/SEK may fall 748 - 1098 pips

Our pivot point stands at 10.3900.

Our preference

The downside prevails as long as 10.3900 is resistance.

Alternative scenario

The upside breakout of 10.3900, would call for 10.4480 and 10.4820.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.3467 and 10.3540).

Supports and resistances

10.4820 **

10.4480 *

10.3900 **

10.3670

10.3428 last

10.2680

10.2330 **

10.1990 *

10.1650 **

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