| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The USD/NOK exchange rate has been trading down since the end of May after it failed to surpass the resistance level located at the 8.7993 mark.
Currently, the rate is trading near the monthly S1 at 8.6468. Given, that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, it is likely, that some downside potential could prevail in the market. In this case, the pair could target the Fibonacci 61.80% retracement at 8.4861.
It is the unlikely case, that bulls could prevail in the market, and the US could exceed the given resistance level.