| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
The US Dollar has been appreciating against the Norwegian Krone after the currency pair reversed from the lower boundary of a long-term ascending channel located at 8.1500.
Given that the rate is supported by the 55-, 100– and 200-hour SMAs, which currently are located in the 8.2572/8.3650 area, it is likely that an upside momentum prevails during following trading sessions. Technical indicators for the short run also support bullish scenario.
A possible target is the upper channel line at 8.6600 and an important resistance level to look out for is the Fibonacci 61.80% retracement at 8.4861.