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USD/NOK Headed South to 5.8780

posted by Avatar fx360 1034 days ago in USD, Technical made popular 1034 days ago

Relatively recent price action suggests USD/NOK bearish momentum is intact based on the failure to close above 6.6 (see double top at point C on the daily) along with the bearish gap this weekend. A break below previously established support near 50% on the weekly chart likely to spark further losses down to converging fib support near 5.8480-5.815
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