NOK/SEK may fall 40 - 50 pips

1.0070 is our pivot point.

Our preference

Technical rebound towards 1.0070 before a new drop.

Alternative scenario

Above 1.0070, look for 1.0090 and 1.0110.

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 stands above its 20 period moving average (1.0039) but below its 50 period moving average (1.0051).

Supports and resistances

1.0110 **

1.0090 *

1.0070 **

1.0060

1.0050 last

1.0010

1.0000 **

0.9990 *

0.9980 **

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