USD/SEK may rise 525 - 775 pips

Our pivot point is at 10.4840.

Our preference

The upside prevails as long as 10.4840 is support.

Alternative scenario

Below 10.4840, expect 10.4420 and 10.4170.

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 10.5137 and 10.5023).

Supports and resistances

10.6520 **

10.6270 *

10.6010 **

10.5760

10.5235 last

10.5010

10.4840 **

10.4420 *

10.4170 **

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