justatrader

USDNOK - Post GDP Release

Short
FX:USDNOK   U.S. Dollar/Norwegian Krone
Norway's GDP readings have come in better than expected. Y/Y @ 3.9% and Q/Q @ 0.3% up from 1.1% and -0.2% respectively and both beating estimates.

On H4 charts, the retracement to 5.96074 looks like a prime target to short from targeting 5.83130 (for now).

Alternatively, wait for the resistance to be confirmed at 5.96 and sell at the most recent lows in the run up.
Clause de non-responsabilité

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