USD/SEK may rise 736 - 1076 pips

Our pivot point is at 10.3320.

Our preference

The upside prevails as long as 10.3320 is support.

Alternative scenario

The downside breakout of 10.3320 would call for 10.2740 and 10.2390.

Comment

The RSI is above 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 10.3713 and 10.3801).

Supports and resistances

10.5630 **

10.5290 *

10.4940 **

10.4600

10.3864 last

10.3540

10.3320 **

10.2740 *

10.2390 **

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