Thursday, October 15, 2026

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FxWirePro: USD/NOK at 2-1/2-week peak, jump till 9.1304 likely

The Norwegian Krone tumbled to a near 3-week low, hovering towards a record low of 9.1648 hit earlier in the month. USD/NOK trades 0.5 percent up at 9.1020, having touched a high of 9.1160 earlier, its highest since Sept…

By FxWirePro Team
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FxWirePro: USD/NOK at 2-1/2-week peak, jump till 9.1304 likely
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  • The Norwegian Krone tumbled to a near 3-week low, hovering towards a record low of 9.1648 hit earlier in the month. 
     
  • USD/NOK trades 0.5 percent up at 9.1020, having touched a high of 9.1160 earlier, its highest since September 3.
     
  • Momentum indicators are bullish - RSI strong at 64.78 and Stochs are biased higher. 
     
  • Immediate resistance is located at 9.1304 (August 30 High) and close above could take it till 9.1648 (September 3 High).
     
  • On the downside, support is around 8.9998 (21-DMA), break below could take it till 8.9365 (September 11 Low).

Recommendation: Good to buy on dips around 9.0700, with stop loss at 9.0348 and target price of 9.1304 
 

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By FxWirePro Team