NOK/SEK may rise 36 - 56 pips

0.9670 is our pivot point.

Our preference

The upside prevails as long as 0.9670 is support.

Alternative scenario

The downside breakout of 0.9670 would call for 0.9640 and 0.9630.

Comment

The RSI is above its neutrality area at 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 0.9696 and 0.9689).

Supports and resistances

0.9800 **

0.9780 *

0.9770 **

0.9750

0.9714 last

0.9680

0.9670 **

0.9640 *

0.9630 **

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