NOK/SEK may rise 31 - 51 pips

0.9800 is our pivot point.

Our preference

The upside prevails as long as 0.9800 is support.

Alternative scenario

Below 0.9800, expect 0.9770 and 0.9760.

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 0.9841 and 0.9838).

Supports and resistances

0.9930 **

0.9910 *

0.9900 **

0.9880

0.9849 last

0.9810

0.9800 **

0.9770 *

0.9760 **

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