USD/NOK has been trading in a sliding mode since yesterday, after hitting resistance twice near the 9.305 zone. Today, the pair managed to clearly break below the upside support line taken from the low of January 16th, suggesting that the bulls may have left the field for a while. However, in order to get confident on more declines, we prefer to wait for a dip below the 9.180 area, which provided decent support between January 31st and February 6th.


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics