USDNOK looks overextended with finally signal of deceleration with a reversed red hammer high test at the 0.5 Fib retracement at multiple key levels:
1) resistance at around 8.36
2) 50-60 EMA rejection
3) 200-250 EMA rejection
4) Downsloping trendline from July 27, 2016
5) 0.50 Fib Retracement
We have also Stock RSI in overbought status on daily and a clear MACD Divergence on 1 hr time frame
1) resistance at around 8.36
2) 50-60 EMA rejection
3) 200-250 EMA rejection
4) Downsloping trendline from July 27, 2016
5) 0.50 Fib Retracement
We have also Stock RSI in overbought status on daily and a clear MACD Divergence on 1 hr time frame