19 Jun 2015
USD/NOK sees upside potential – EW-Forecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, sees USD/NOK moving towards newer highs in the short-term, expecting a move towards 8.0000.
Key Quotes
“USDNOK is turning nicely up from a new swing low where wave (c) might completed a corrective wave two around 7.6000. Notice that current rally is breaking above the upper channel resistance line so looks like more upside is in the cards, back to 8.0000 in the short-term.”
Key Quotes
“USDNOK is turning nicely up from a new swing low where wave (c) might completed a corrective wave two around 7.6000. Notice that current rally is breaking above the upper channel resistance line so looks like more upside is in the cards, back to 8.0000 in the short-term.”