- The Norwegian Krone consolidates between a narrow range despite upbeat Norway consumer confidence and Trade balance figures.
- Norway’s consumer confidence rose 5.2 points in Q1 versus revised 1.8 in Q4, while Trade balance expanded to 25 billion NOK in January from 23.28 billion in December.
- USD/NOK currently trades flat at 8.3967, after rising to a 3-week high of 8.4203 in the previous session.
- Technical indicators support upside in the pair - RSI strong at 52.49, Stochs are biased higher, MACD supports uptrend.
- Immediate resistance is around 8.4219 (50.0 % retracement of 8.6715 and 8.1725) and any break above will take it till 8.4552 (trendline joining 8.3369 and 8.3950)
- On the lower side, 8.3614 (5-DMA) is acting as next immediate support and any break below 8.3447 (200 DMA) could see reversal in trend.
Recommendation: Good to go long on close above 8.4000 with stop loss at 8.3780 and target price of 8.4219/ 8.4670.


FxWirePro: GBP/NZD reverses course, bias back to downside
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part 



