NOK/SEK may rise to 1.0290 - 1.0380

Our pivot point is at 0.9940.

Our preference

The upside prevails as long as 0.9940 is support.

Alternative scenario

Below 0.9940, expect 0.9790 and 0.9710.

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 0.9973 and 0.9910).

Supports and resistances

1.0550 **

1.0460 *

1.0380 **

1.0290

1.0061 last

0.9990

0.9940 **

0.9790 *

0.9710 **

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