USD/NOK may fall to 9.9470 - 10.1080

Our pivot point is at 10.7260.

Our preference

The downside prevails as long as 10.7260 is resistance.

Alternative scenario

Above 10.7260, look for 10.9990 and 11.1610.

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 10.6536 and 10.7965).

Supports and resistances

11.1610 **

10.9990 *

10.7260 **

10.6190

10.5062 last

10.1080

9.9470 **

9.7860 *

9.6250 **

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