Thursday, October 15, 2026

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FxWirePro: USD/NOK halts 4-day losing streak, find strong support at 20-EMA

The Norwegian Krone retreated from a 10-day peak as the greenback rebounded on U.S. stimulus action aimed at improving global market liquidity. USD/NOK trades 0.9 percent higher at 10.5030, having touched an all-time hig…

By FxWirePro Team
1 min read
FxWirePro: USD/NOK halts 4-day losing streak, find strong support at 20-EMA
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  • The Norwegian Krone retreated from a 10-day peak as the greenback rebounded on U.S. stimulus action aimed at improving global market liquidity.  
     
  • USD/NOK trades 0.9 percent higher at 10.5030, having touched an all-time high of 12.1224 last week. 
     
  • Earlier in the day, the pair declined to an over 1-week low but found strong support at 20-EMA 
     
  • Momentum indicators are turning bullish.  
     
  • Immediate resistance is located at 10.7477, and close above could take it till 10.7895.
     
  • On the downside, support is around 10.2719, break below could take it till 10.2406.

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