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Add as a preferred source on Google FxWirePro: USD/NOK extends gains as Norway starts partial reopening The Norwegian Krone eased after the government announced plans to ease existing coronavirus lockdown. Last week, Norwegian government lifted restrictions on some schools, some businesses, and some sports. The number of n…
By FxWirePro Team Apr 14, 2020, 11:49 AM UTC
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The Norwegian Krone eased after the government announced plans to ease existing coronavirus lockdown.
Last week, Norwegian government lifted restrictions on some schools, some businesses, and some sports.
The number of new cases has declined to about 116 from a peak of 400 in March.
USD/NOK trades 0.1 percent up at 10.3076, having touched a low of 10.1243 last week, its lowest March 16.
Immediate resistance is located at 10.3460 (20-EMA), and close above could take it till 10.3833.
On the downside, support is around 10.1715, break below could take it till 10.1240.
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