Wed, 20 Apr 2022 11:01:25 GMT
USD/NOK recovers from 8.6000 throughout April
The USD/NOK pair passed below the combined support of an ascending trend line and the 200-day simple moving average during mid-March. In late trading of March, the rate found support in the 8.5660/8.6000 zone. Afterwards, up to April 20, the pair has been recovering. However, recently, the USD found resistance in the 8.9000 mark against the Norwegian Krona.
If the