NOK/SEK may rise to 1.0180 - 1.0300

Our pivot point stands at 0.9740.

Our preference

Our next up target stands at 1.0300.

Alternative scenario

The downside breakout of 0.9740 would call for 0.9540 and 0.9420.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.9870 and 0.9915).

Supports and resistances

1.0530 **

1.0410 *

1.0300 **

1.0180

0.9932 last

0.9810

0.9740 **

0.9540 *

0.9420 **

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