Technical Analysis – USDNOK turns lower, heading for uptrend line

USDNOK seems to be eyeing lower levels, even though its attempts to push down are being restricted by the 8.9850 level, which is the 38.2% Fibonacci retracement of the up leg from 8.4664 to 9.3036 coupled with the low from September 24. The short-term oscillators, however, suggest some easing in negative momentum. The MACD has […]