USD/SEK may rise 437 - 657 pips

Our pivot point stands at 10.4910.

Our preference

As long as 10.4910 is support look for 10.5880.

Alternative scenario

Below 10.4910, expect 10.4550 and 10.4330.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.5086 and 10.4679).

Supports and resistances

10.6310 **

10.6090 *

10.5880 **

10.5660

10.5223 last

10.5050

10.4910 **

10.4550 *

10.4330 **

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