USD/SEK may fall to 10.0130 - 10.1880

10.7970 is our pivot point.

Our preference

The downside prevails as long as 10.7970 is resistance.

Alternative scenario

Above 10.7970, look for 11.0910 and 11.2660.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.6028 and 10.7358).

Supports and resistances

11.2660 **

11.0910 *

10.7970 **

10.6820

10.5590 last

10.1880

10.0130 **

9.8390 *

9.6640 **

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