Mon, 03 Mar 2014 12:47:26 GMT
USD/NOK 1H Chart: Falling Wedge
Similarly to the situation observed in CAD/CHF, for USD/NOK there are also two viable development options. Either the currency pair passes through the supply concentrated around the down-trend resistance line located at 6.0330, thereby confirming the falling wedge; or the exchange rate retreats from the current trading levels, as suggested by the daily technical indicators. Then the U.S. Dollar will