NOK/SEK may rise to 0.9850 - 0.9950

Our pivot point is at 0.9450.

Our preference

Our next up target stands at 0.9950.

Alternative scenario

Below 0.9450, expect 0.9280 and 0.9180.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9625 and 0.9635).

Supports and resistances

1.0160 **

1.0060 *

0.9950 **

0.9850

0.9638 last

0.9520

0.9450 **

0.9280 *

0.9180 **

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