USD/NOK may rise 883 - 1183 pips

Our pivot point is at 10.9620.

Our preference

The upside prevails as long as 10.9620 is support.

Alternative scenario

Below 10.9620, expect 10.9110 and 10.8820.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.9649 and 10.9578).

Supports and resistances

11.1800 **

11.1500 *

11.1200 **

11.0900

11.0017 last

10.9810

10.9620 **

10.9110 *

10.8820 **

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