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Add as a preferred source on Google FxWirePro: USD/NOK hovers towards 1-1/2 week peak, major resistance at 55-EMA The Norwegian Krone eased, hovering towards a 10-day low hit in the prior session as the greenback gained against a basket of currencies. The dollar held firm as caution over rapid rises in U.S. coronavirus cases raised …
By FxWirePro Team Jun 26, 2020, 12:11 PM UTC
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The Norwegian Krone eased, hovering towards a 10-day low hit in the prior session as the greenback gained against a basket of currencies.
The dollar held firm as caution over rapid rises in U.S. coronavirus cases raised doubt over the reopening of the economy.
USD/NOK trades 0.5 percent higher at 9.6984, having touched a high of 9.7393 on Thursday, its highest June 15.
Major resistance 55-EMA at 9.8037.
Immediate resistance is located at 9.7333, close above could take it till 9.7801.
On the downside, support is around 9.6126 (20-EMA), break below could take it till 9.5819 (10-DMA).
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