| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇑ | ⇒ |
The US Dollar has been appreciating against the Norwegian Krone since the beginning of February when the exchange rate reversed from the lower boundary of the long-term ascending channel at 8.4065.
Currently, the currency pair is trading near strong resistance level formed by the monthly R1 at 8.6814. If given level does not hold, it is likely that the rate continues to go upwards. A possible upside target is the psychological level at 8.8000.
If given resistance holds, a short-term decline expected in the nearest future. However, it is unlikely that the pair surpasses the monthly PP located at the 8.5410 mark.