USD/NOK may rise 684 - 964 pips

Our pivot point stands at 10.4490.

Our preference

Rebound towards 10.5840.

Alternative scenario

Below 10.4490, expect 10.4010 and 10.3730.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.4876 and 10.5023).

Supports and resistances

10.6410 **

10.6130 *

10.5840 **

10.5560

10.4876 last

10.4680

10.4490 **

10.4010 *

10.3730 **

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