| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Sell |
| Stochastic (5; 3) | Neutral | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The USD/NOK currency pair reached the resistance level formed by the monthly R1 at 8.7318 and reversed south.
Technical indicators for both short and long terms suggest that the exchange rate is in the oversold zone, thus, it is likely that bearish momentum prevails in the following sessions. It is likely that the pair targets the support cluster formed by the monthly PP and the Fibonacci 61.80% retracement in the 8.5000 area.
However, this decline might not be immediate as currently the pair is being supported by the 200-hour SMA. The rate might re-test the upper boundary of the long-term ascending channel located circa 8.7700.