NOK/SEK may fall to 0.9400 - 0.9520

0.9980 is our pivot point.

Our preference

The downside prevails as long as 0.9980 is resistance.

Alternative scenario

The upside breakout of 0.9980, would call for 1.0180 and 1.0300.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.9901 and 0.9915).

Supports and resistances

1.0300 **

1.0180 *

0.9980 **

0.9910

0.9813 last

0.9520

0.9400 **

0.9290 *

0.9170 **

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