USDNOK: Approaching a bottom. Strong buy opportunity.

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The pair has been trading within a long term 1W Channel Up (RSI = 55.524, MACD = 0.145) since last April and according to its neutral Highs/Lows (0.0000), it is near a Higher Low. Based on the Higher Highs/ Higher Lows measurements, the next Higher High is projected on a +6.50% rise at 9.0000. We are going long setting however a more modest TP at 8.82250 (practically the latest Higher High).






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