Friday, October 16, 2026

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FxWirePro: USD/NOK eases from 3-month peak, faces resistance at 200-DMA

The Norwegian Krone surged, hovering away a near 3-month low hit last week as investors contiued to digest upbeat retail sales data. Data released yesterday showed Norway's retail sales increased 8.20 percent in August o…

By FxWirePro Team
1 min read
FxWirePro: USD/NOK eases from 3-month peak, faces resistance at 200-DMA
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  • The Norwegian Krone surged, hovering away a near 3-month low hit last week as investors contiued to digest upbeat retail sales data.
     
  • Data released yesterday showed Norway's retail sales increased 8.20 percent in August of 2020 over the same month in the previous year.
     
  • Moreover, weakness in the dollar index further boosted the bid tone around the Norwegian Krone. 
     
  • USD/NOK trades 0.3 percent lower at 9.4403, having touched a high of 9.6158 on Friday, its highest since July 1.
     
  • On Monday, the pair slumped nearly 1 percent to close below 200-DMA at 9.4679. 
     
  • Immediate resistance is located at 9.5201 (200-DMA), close above could take it till 9.5580.
     
  • On the downside, support is around 9.4030, break below could take it till 9.3876 (7-EMA).  

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By FxWirePro Team