FxWirePro: USD/NOK break above 21-EMA, outlook remains bullish
The Norwegian Krone plunged to an over 1-week low as Norway reopened immigration services after coronavirus shutdown. Norway begun relaxing some of its coronavirus-related emergency measures; passport applications, immig…
The Norwegian Krone plunged to an over 1-week low as Norway reopened immigration services after coronavirus shutdown.
Norway begun relaxing some of its coronavirus-related emergency measures; passport applications, immigration and residency services are among the police services to be reopened.
While the authorities decided to extend the internal border controls which were set to expire of April 15, for another 20 days.
USD/NOK trades 1.9 percent up at 10.4905, having touched a high of 10.5262 earlier, its highest April 6.
Immediate resistance is located at 10.5440, and close above could take it till 10.5932.
On the downside, support is around 10.2444, break below could take it till 10.2186.
