USD/SEK may rise 606 - 866 pips

10.5530 is our pivot point.

Our preference

The upside prevails as long as 10.5530 is support.

Alternative scenario

Below 10.5530, expect 10.5100 and 10.4850.

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 10.5751 and 10.5718).

Supports and resistances

10.7230 **

10.6980 *

10.6730 **

10.6470

10.5864 last

10.5700

10.5530 **

10.5100 *

10.4850 **

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