| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇘ | ⇗ |
The US Dollar has been depreciating against the Norwegian Krone since the end of December when the currency pair reversed from the upper boundary of the long-term ascending channel at 8.7500.
As apparent on the exchange rate reversed north from the monthly S1 at the beginning of January. From a theoretical point of view, it is likely that the pair targets the lower channel line in the 8.3000/8.4000 range in the nearest future.
However, the rate has to surpass the support cluster formed by a combination of the 55-, 100– and 200-hour SMAs located in the 8.5522/8.5834 area, thus, this decline might not be immediate.