Revisiting USDNOK

by Ashraf Laidi

Feb 26, 2009 16:03

In revisiting the NOK trade, we see a confirmation of the persistent consolidation in the USDNOK pair, albeit, at a narrowing range with a 7.00 trend line resistance and 6.75 support. The last Hot-Chart (Feb 11) supported the case for wide consolidation but the latest decline in the trend line resistance indicates the 6.99 upside may be attained by bullish oscillators, paving the way for the next leg down towards 6.97, 6.90 and 6.78.

More Hot-Charts

• EURGBP & Bank of England

  Dec 17, 2025 19:24 | by Ashraf Laidi
  Today's weaker than expected UK CPI sharply boosted EURGBP and dragged down GBPUSD on improved expectations the BoE will cut rates tomorrow (Thursday).

• Indices & Gold Update

  Dec 16, 2025 12:16 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group...

• Updating post 9th

  Nov 24, 2025 12:02 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...