USD/SEK may rise to 10.7990 - 10.9760

Our pivot point stands at 10.1660.

Our preference

The upside prevails as long as 10.1660 is support.

Alternative scenario

The downside breakout of 10.1660 would call for 9.8700 and 9.6940.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10.2554 and 10.3754).

Supports and resistances

11.3290 **

11.1530 *

10.9760 **

10.7990

10.3993 last

10.2820

10.1660 **

9.8700 *

9.6940 **

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