USD/SEK may rise 559 - 819 pips

Our pivot point is at 10.4950.

Our preference

The upside prevails as long as 10.4950 is support.

Alternative scenario

Below 10.4950, expect 10.4510 and 10.4260.

Comment

The RSI is above its neutrality area at 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 10.5277 and 10.5248).

Supports and resistances

10.6630 **

10.6370 *

10.6120 **

10.5860

10.5301 last

10.5120

10.4950 **

10.4510 *

10.4260 **

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