USD/SEK may fall to 9.9640 - 10.1290

Our pivot point is at 10.7100.

Our preference

The downside prevails as long as 10.7100 is resistance.

Alternative scenario

Above 10.7100, look for 10.9880 and 11.1530.

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 stands below its 20 and 50 period moving average (respectively at 10.5831 and 10.7293).

Supports and resistances

11.1530 **

10.9880 *

10.7100 **

10.6010

10.4872 last

10.1290

9.9640 **

9.8000 *

9.6350 **

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