EWForecast
Long

USD/NOK: Bullish Trend

FX:USDNOK   U.S. Dollar/Norwegian Krone
50 0 0
USD has been strong lately towards all other major pairs. One pair that can be used as a timing tool to see how long the USD strength will last is USD/NOK             .

USD/NOK             looks to be completing a 5 wave impulsive rally with a target of 6.27. Once the pair completes wave 5, USD should weaken (or better say correct), before starting the next leg of rally.

Good luck and trade safe.

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