USD/SEK may rise 742 - 992 pips

Our pivot point is at 10.4610.

Our preference

The upside prevails as long as 10.4610 is support.

Alternative scenario

Below 10.4610, expect 10.4190 and 10.3940.

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 10.4928 and 10.4778).

Supports and resistances

10.6470 **

10.6210 *

10.5960 **

10.5710

10.4968 last

10.4780

10.4610 **

10.4190 *

10.3940 **

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