CHF/SEK may rise 454 - 644 pips

Our pivot point is at 12.06.

Our preference

Rebound towards 12.16.

Alternative scenario

Below 12.06, expect 12.03 and 12.01.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 12.10 and 12.10).

Supports and resistances

12.19 **

12.17 *

12.16 **

12.14

12.09 last

12.07

12.06 **

12.03 *

12.01 **

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