This pair shows a lot of potential for a move higher and has been in an up trend for a while, we could likely see a move to test resistance over the summer through weakening Scandinavian fundamentals.

For a closer look we can see that the Stochastics support a low volatility summer and so we can expect that any move will have a slight upward bias over this time.

For these reasons we can see that a move to 5.8 is entirely likely as we see what looks to be a boring summer of trading.

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