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FxWirePro: USD/NOK hovers towards 1-1/2 week peak, major resistance at 55-EMA

  • The Norwegian Krone eased, hovering towards a 10-day low hit in the prior session as the greenback gained against a basket of currencies.
     
  • The dollar held firm as caution over rapid rises in U.S. coronavirus cases raised doubt over the reopening of the economy. 
     
  • USD/NOK trades 0.5 percent higher at 9.6984, having touched a high of 9.7393 on Thursday, its highest June 15. 
     
  • Major resistance 55-EMA at 9.8037. 
     
  • Immediate resistance is located at 9.7333, close above could take it till 9.7801.
     
  • On the downside, support is around 9.6126 (20-EMA), break below could take it till 9.5819 (10-DMA).
  • Market Data
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