Our pivot point stands at 10.5220.
Our preference
Our next up target stands at 10.6590.
Alternative scenario
The downside breakout of 10.5220 would call for 10.4740 and 10.4450.
Comment
The RSI is above 50. The MACD is negative and above its signal line. 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 10.5519 and 10.5595). Finally, the USD/NOK has crossed above its upper Bollinger band (10.5656).
Supports and resistances
10.7170 **
10.6880 *
10.6590 **
10.6300
10.5690 last
10.5410
10.5220 **
10.4740 *
10.4450 **
Number of asterisks represents the strength of support and resistance levels.


