USD/SEK may rise to 10.8380 - 11.0760

10.0170 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 10.0170 would call for 9.6190 and 9.3820.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (10.2388) but below its 50 period moving average (10.3864).

Supports and resistances

11.5520 **

11.3140 *

11.0760 **

10.8380

10.3398 last

10.1740

10.0170 **

9.6190 *

9.3820 **

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