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mojtaba24977
Jun 24, 2022 7:33 AM

USDNOK 

U.S. Dollar / Norwegian KroneFOREX.com

Description

First, it will experience a return upwards and a collision with the resistance area, and then it will go down to the supportive blue trend line. If the pattern line is broken, we will have a drop to the take prafe point.
Comments
EvisHadjipetrou
the news for the softening of USD/NOK came from this article in Reuters, the drop in USD/NOK matches exactly the time this article was published.

reuters.com/business/energy/eu-norway-agree-increase-gas-deliveries-russian-cuts-deepen-2022-06-23/

More Norwegian gas flowing to the EU means strengthening of their currency. The proof of this is the exact same movements of EUR/NOK as it was to the USD. So it's got nothing to do with the USD, it has to do with Norway's primary exports.
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