USD/SEK may rise 732 - 972 pips

Our pivot point is at 10.4830.

Our preference

The upside prevails as long as 10.4830 is support.

Alternative scenario

Below 10.4830, expect 10.4430 and 10.4190.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10.4863 and 10.4581).

Supports and resistances

10.6610 **

10.6370 *

10.6130 **

10.5890

10.5158 last

10.4990

10.4830 **

10.4430 *

10.4190 **

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