USD/SEK may rise 486 - 726 pips

10.4500 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 10.4500 would call for 10.4100 and 10.3860.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (10.4796) but under its 50 period moving average (10.5008).

Supports and resistances

10.6080 **

10.5840 *

10.5600 **

10.5360

10.4874 last

10.4660

10.4500 **

10.4100 *

10.3860 **

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