| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The USD/NOK exchange rate has been trading within a falling wedge pattern since the middle of June.
From a theoretical perspective, it is likely that a breakout north could occur in the nearest future. In this case the currency pair could target the psychological level at 9.8000.
Meanwhile, note that the exchange rate is pressured by the 200-hour moving average near 9.4650. Thus, some downside potential could continue to prevail in the market.