FxWirePro: USD/NOK retreats from 1-week low, major support at 10-DMA
The Norwegian Krone eased, extending previous session losses, as growing fears of an early second wave of infections in Europe ahead of the summer holidays. Prime Minister Erna Solberg stated that Norway must maintain ti…
The Norwegian Krone eased, extending previous session losses, as growing fears of an early second wave of infections in Europe ahead of the summer holidays.
Prime Minister Erna Solberg stated that Norway must maintain tight control of its borders to avoid importing COVID-19 cases from abroad.
USD/NOK trades 0.4 percent higher at 9.5663, having touched a low of 9.4420 on Thursday, its highest June 11.
Immediate resistance is located at 9.6134 (20-EMA), close above could take it till 9.6518.
On the downside, support is around 9.4485 (10-DMA),.break below could take it till 9.4044.
