NOK/SEK may rise 30 - 40 pips

0.9640 is our pivot point.

Our preference

The upside prevails as long as 0.9640 is support.

Alternative scenario

The downside breakout of 0.9640 would call for 0.9620 and 0.9610.

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 is above its 20 and 50 period moving average (respectively at 0.9666 and 0.9655).

Supports and resistances

0.9740 **

0.9720 *

0.9710 **

0.9700

0.9670 last

0.9650

0.9640 **

0.9620 *

0.9610 **

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