Tue, 18 Mar 2014 12:08:24 GMT
USD/NOK 4H Chart: Channel Down
After moving sideways during November and December, the USD/NOK peaked at 6.3145 on February 4 and began its 4000-pip rally to the downside. After a steep decline, on February 20 the pair managed to form a channel down pattern. Despite such a solid performance, bulls can take the initiative soon, as 74% of traders are holding long positions, while during