USD/SEK may rise 537 - 757 pips

Our pivot point stands at 10.4690.

Our preference

Rebound towards 10.5810.

Alternative scenario

The downside breakout of 10.4690 would call for 10.4310 and 10.4080.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.5143 and 10.5253).

Supports and resistances

10.6270 **

10.6040 *

10.5810 **

10.5590

10.5053 last

10.4840

10.4690 **

10.4310 *

10.4080 **

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