News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USD/NOK Testing Key Support by 200-Day SMA; Look to Buy

USD/NOK Testing Key Support by 200-Day SMA; Look to Buy

Joel Kruger, Technical Strategist

Eur/SekRemains weighed down for now but we continue to like the prospects for a bullish resumption over the coming days. Look for setbacks to be well supported above 8.75, while back above 8.93 will confirm outlook and accelerate gains.

Usd/SekRecent setbacks have been well supported above the 200-Day SMA to further confirm constructive outlook and potentially expose a break back towards the trend highs just over 7.00. Ultimately, only back under 6.60 delays outlook and gives reason for pause, while back above 6.70 required to confirm outlook and accelerate.

Usd/Nok Has come under pressure in recent trade but could finally be looking to base out around the 200-Day SMA. Look for a bullish reversal over the coming sessions, with a break back over 5.70 helping to confirm outlook and accelerate gains. Only a sustained drop back under 5.60 delays.

Eur/NokSetbacks have stalled by critical support at 7.50 and the market could finally be poised for some bullish price action with daily studies now stretched. Look for a break back above 7.57 to confirm outlook and accelerate gains. Ultimately, only a two day close below 7.50 would negate.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.