7640868 7/12/2017 5:17 PM, USD/SEK intraday: rebound


8.3820 is our pivot point.


Our preference

: rebound.


Alternative scenario

: the downside breakout of 8.3820 would call for 8.3520 and 8.3350.


Comment

: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (8.3994) but under its 50 MA (8.4138).


Supports and resistances

:

8.4970 **

8.4800 *

8.4620 **

8.4440

8.4080 last

8.3940

8.3820 **

8.3520 *

8.3350 **