The USDNOK is in a corrective phase currently , this phase began after the peak reached in the jan 2016 . Despite the increase recorded since last part of the past year , the trend is still negative as you see in this simple chart , built using the moving average of long period ( 100)
Such trend should drive the pair within this bearish channel , and in particular at dynamic support provided by its lower margin . The Macd oscillator confirm the pair 's weakness
Translate to English Show original