USD/SEK may rise 433 - 643 pips

Our pivot point stands at 10.5290.

Our preference

As long as 10.5290 is support look for 10.6270.

Alternative scenario

Below 10.5290, expect 10.4930 and 10.4710.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 10.5585 and 10.5444).

Supports and resistances

10.6700 **

10.6490 *

10.6270 **

10.6060

10.5627 last

10.5430

10.5290 **

10.4930 *

10.4710 **

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