USD/SEK may fall to 9.9070 - 10.1080

Our pivot point is at 10.7870.

Our preference

The downside prevails as long as 10.7870 is resistance.

Alternative scenario

Above 10.7870, look for 11.1250 and 11.3250.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.5673 and 10.6960).

Supports and resistances

11.3250 **

11.1250 *

10.7870 **

10.6550

10.5182 last

10.1080

9.9070 **

9.7070 *

9.5060 **

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