CHF/SEK is neutral

Our pivot point is at 12.30.

Our preference

Technical rebound towards 12.30 before a new drop.

Alternative scenario

Above 12.30, look for 12.54 and 12.69.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (12.06) but below its 50 period moving average (12.10).

Supports and resistances

12.69 **

12.54 *

12.30 **

12.20

12.07 last

11.78

11.64 **

11.50 *

11.35 **

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