Friday, September 21, 2012

USD/SEK intraday: the downside prevails as long as 6.536 is resistance


Our pivot point is at 6.536.
Our preference: the upside breakout of 6.536 is resistance.
Alternative scenario: the upside breakout of 6.536, would call far 6.548 and 6.555.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6.5278 and 6.5507).
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