USDNOK chart by TradingView


The US Dollar / Krone is the most popular pair to trade the Norwegian currency. The price of the Krone is influenced by changes in interest rates and oil prices. The pair saw a lot of volatility between 2002 and 2008 because of the changes in oil prices and the global financial crisis. Norway's economy largely benefits from trade, and a lot of that trade is done with the UK and the Euro-zone. Therefore, the Krone is significantly affected by changes in those economies.


The Ball Is Now On The US Dollar’s Side For USD/NOK

USD/NOK respecting support resistance. Potential USD strength for the cross. Bounce from resistance on symmetrical triangle pattern.
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Analyst Picks

Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Bearish USD/NOK
Expertise: Elliott Wave, Technical Analysis, and Intermarket Analysis
Average Time Frame of Trades: 3 Weeks - 5 Weeks

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