CHF/SEK may rise to 12.4100 - 12.5450

Our pivot point is at 11.92.

Our preference

The upside prevails as long as 11.92 is support.

Alternative scenario

Below 11.92, expect 11.69 and 11.56.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 12.05 and 12.10).

Supports and resistances

12.81 **

12.68 *

12.55 **

12.41

12.10 last

12.01

11.92 **

11.69 *

11.56 **

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