USD/NOK may rise 629 - 919 pips

10.6910 is our pivot point.

Our preference

The upside prevails as long as 10.6910 is support.

Alternative scenario

Below 10.6910, expect 10.6420 and 10.6130.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10.7232 and 10.7287).

Supports and resistances

10.8910 **

10.8620 *

10.8320 **

10.8030

10.7401 last

10.7100

10.6910 **

10.6420 *

10.6130 **

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