| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
Yesterday, the USD/NOK exchange rate failed to surpass the Fibo 50.00% at 9.81 and continued to trade downwards.
On the one hand, it is likely that the currency pair could gain support from the 200-hour SMA and trade upwards in the medium term. A possible upside target is the Fibo 38.20% at 10.32.
On the other hand, it is likely that the exchange rate could remain under pressure of the 55-hour moving average and continue to decline. Note that the rate could gain support from the Fibo 61.80% at 9.29. If the given level holds, it is likely that the rate could consolidate in the medium term.