NOK/SEK may fall 34 - 44 pips

0.9690 is our pivot point.

Our preference

The downside prevails as long as 0.9690 is resistance.

Alternative scenario

Above 0.9690, look for 0.9710 and 0.9720.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9681 and 0.9677).

Supports and resistances

0.9720 **

0.9710 *

0.9690 **

0.9680

0.9664 last

0.9630

0.9620 **

0.9610 *

0.9590 **

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