The usd nok has breached the dynamic resistance provided by the bullish trend line in april of the past year , this event is a strong bearish signal that should determine the begin of a new trend , as you can see from the bearish channel on this chart
This new trend , after the last rebound , should to continue in the next weeks and lead the pair down to the static support placed to 8,13. The Sine Wave oscillator (-0,84) confirming this hypothesis
Translate to English Show original