NOK/SEK may rise 35 - 45 pips

Our pivot point stands at 0.9980.

Our preference

As long as 0.9980 is support look for 1.0060.

Alternative scenario

The downside breakout of 0.9980 would call for 0.9960 and 0.9940.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.0017) but above its 50 period moving average (1.0013).

Supports and resistances

1.0100 **

1.0080 *

1.0060 **

1.0050

1.0015 last

0.9990

0.9980 **

0.9960 *

0.9940 **

Number of asterisks represents the strength of support and resistance levels.