NOK/SEK may rise 53 - 73 pips

Our pivot point stands at 0.9680.

Our preference

Rebound towards 0.9790.

Alternative scenario

The downside breakout of 0.9680 would call for 0.9650 and 0.9630.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9717 and 0.9726).

Supports and resistances

0.9830 **

0.9810 *

0.9790 **

0.9770

0.9717 last

0.9690

0.9680 **

0.9650 *

0.9630 **

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