CHF/NOK may rise 1531 - 1831 pips

Our pivot point is at 12.8430.

Our preference

The upside prevails as long as 12.8430 is support.

Alternative scenario

The downside breakout of 12.8430 would call for 12.7930 and 12.7640.

Comment

The RSI is above its neutrality area at 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 12.8773 and 12.7586).

Supports and resistances

13.1410 **

13.1110 *

13.0810 **

13.0510

12.8979 last

12.8630

12.8430 **

12.7930 *

12.7640 **

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