USD/SEK may rise to 10.8440 - 11.0190

Our pivot point is at 10.2300.

Our preference

Rebound towards 11.0190.

Alternative scenario

The downside breakout of 10.2300 would call for 9.9380 and 9.7640.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.5258 and 10.7150).

Supports and resistances

11.3680 **

11.1930 *

11.0190 **

10.8440

10.4887 last

10.3440

10.2300 **

9.9380 *

9.7640 **

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