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Add as a preferred source on Google FxWirePro: USD/NOK halts 3-day losing streak, jump till 9.2860 likely The Norwegian Krone eased, retreating from a near 1-week peak recorded in the prior session. USD/NOK trades 0.5 percent higher at 9.2703, having touched a record high of 9.3057 on Monday. Momentum indicators are bullish:…
By FxWirePro Team Feb 13, 2020, 11:18 AM UTC
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The Norwegian Krone eased, retreating from a near 1-week peak recorded in the prior session.
USD/NOK trades 0.5 percent higher at 9.2703, having touched a record high of 9.3057 on Monday.
Momentum indicators are bullish: RSI strong at 65.92, Stochs are at overbought levels and MACD supports upside.
Immediate resistance is located at 9.2860, and close above could take it till 9.2930.
On the downside, support is around 9.2006, break below could take it till 9.1824.
Recommendation: Good to buy on dips around 9.2254, with stop loss at 9.2006, and target price of 9.2860.
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