USDNOK is testing a clear support area, marked by previous bullish reversals and strong buyer interest. The recent bearish move into this zone suggests a potential buying opportunity if buyers confirm control.If bullish signals, such as strong rejection wicks or bullish candlestick patterns, emerge, I anticipate an upward move toward 10,8300. If the support fails to hold however, further downside could be expected.
Remember, always confirm your setups and trade with solid risk management.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.