USD/SEK may rise to 10.8260 - 11.0000

Our pivot point is at 10.2240.

Our preference

Rebound towards 11.0000.

Alternative scenario

Below 10.2240, expect 9.9330 and 9.7590.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.4764 and 10.6785).

Supports and resistances

11.3470 **

11.1740 *

11.0000 **

10.8260

10.4675 last

10.3390

10.2240 **

9.9330 *

9.7590 **

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