NOK/SEK may fall to 0.9260 - 0.9370

Our pivot point stands at 0.9800.

Our preference

The downside prevails as long as 0.9800 is resistance.

Alternative scenario

The upside breakout of 0.9800, would call for 0.9980 and 1.0090.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9634 and 0.9641).

Supports and resistances

1.0090 **

0.9980 *

0.9800 **

0.9730

0.9594 last

0.9370

0.9260 **

0.9150 *

0.9050 **

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