USD/NOK may rise 674 - 964 pips

Our pivot point is at 10.8860.

Our preference

Rebound towards 11.0250.

Alternative scenario

Below 10.8860, expect 10.8360 and 10.8060.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.9353 and 10.9449).

Supports and resistances

11.0850 **

11.0550 *

11.0250 **

10.9960

10.9286 last

10.9050

10.8860 **

10.8360 *

10.8060 **

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