The pair shows weaker motivation on the corrective move, and this is due to the NOKZAR causing more SELLERS on USDNOK. This may be lesser now, and should give room for a rise.
I would be careful in terms of entry level, but overall objective is 10.4600. The weekly chart is positive for USDNOK.
Strategy BUY @ 10.15-10.2300 and take profit @ 10.3700 for now. Stop-loss below 10.0250.
I would be careful in terms of entry level, but overall objective is 10.4600. The weekly chart is positive for USDNOK.
Strategy BUY @ 10.15-10.2300 and take profit @ 10.3700 for now. Stop-loss below 10.0250.
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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.