USD/NOK may rise to 11.3830 - 11.5640

Our pivot point is at 10.7310.

Our preference

The upside prevails as long as 10.7310 is support.

Alternative scenario

Below 10.7310, expect 10.4280 and 10.2480.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10.7545 and 10.7075).

Supports and resistances

11.9260 **

11.7450 *

11.5640 **

11.3830

10.9803 last

10.8490

10.7310 **

10.4280 *

10.2480 **

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