ew-forecast

USDNOK Can Be Turning Bullish, Support Seen At 7.4

Long
FX:USDNOK   U.S. Dollar/Norwegian Krone
USDNOK made a pull-back on a Weekly chart that can be near completion, because on the four hour we see an impulsive reaction from the lows. That said, current bullish momentum is expected to continue after any short term downward correction. We see that pull-back already unfolding on the hourly chart, where prices could find support near 7.4000.

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