USD/SEK may rise 490 - 710 pips

10.5300 is our pivot point.

Our preference

Rebound towards 10.6300.

Alternative scenario

Below 10.5300, expect 10.4940 and 10.4720.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.5599 and 10.5699).

Supports and resistances

10.6730 **

10.6510 *

10.6300 **

10.6080

10.5590 last

10.5440

10.5300 **

10.4940 *

10.4720 **

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