What comes down most go up? USDNOK potential long
After a massive rally in oil and risk-on mode, USDNOK did fall quite well and to levels before the latest Policy meeting in Norway (Norges Bank).
We should see great support around 8.05-8.03 area. In this matter, and with a possible bottom, the price should retrace some of the recent fall, which could give potential target of 8.20 and 8.30.
Case: Long from 8.08-8.10 area with a stop loss if 4H chart closes below 8.05.
Target 1 = 8.20 and Target 2 = 8.30
Play safe!
We should see great support around 8.05-8.03 area. In this matter, and with a possible bottom, the price should retrace some of the recent fall, which could give potential target of 8.20 and 8.30.
Case: Long from 8.08-8.10 area with a stop loss if 4H chart closes below 8.05.
Target 1 = 8.20 and Target 2 = 8.30
Play safe!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.