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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 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.
  • Market Data
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