Friday, October 16, 2026

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FxWirePro: USD/NOK retreats from near1-week low, struggles to sustain gains above 200-DMA

The Norwegian Krone declined, retreating from a near 1-week peak hit earlier in the session as the greenback surged across the board. The dollar index rallied as uncertainty crept into the market amid growing suspense ov…

By FxWirePro Team
1 min read
FxWirePro: USD/NOK retreats from near1-week low, struggles to sustain gains above 200-DMA
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  • The Norwegian Krone declined, retreating from a near 1-week peak hit earlier in the session as the greenback surged across the board. 
     
  • The dollar index rallied as uncertainty crept into the market amid growing suspense over the result of the U.S. presidential election.
     
  • USD/NOK trades 0.9 percent higher at 9.4514, having touched a low of 9.3173 earlier, its lowest since October 29.
     
  • Immediate resistance is located at 9.6080, close above could take it till 9.6335.
     
  • On the downside, support is around 9.2985 (21-DMA), break below could take it till 9.2673.  

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