USDNOK Technical Analysis: Weekly Chart

In the weekly charts, USDNOK is trading in an up channel. USDNOK is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 9.3790 & the resistance level is at 9.9113.

USDNOK will trade in the up channel until there is trend reversal.

USDNOK Technical Analysis: Daily Chart

In the daily charts, USDNOK is trading in an up channel. USDNOK is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 9.5383 & the resistance level is at 9.6708.

USDNOK will trade in the up channel until there is trend reversal.  

How to Trade USDNOK this Week:

USDNOK will follow the uptrend until their trend reversal. So, remain bullish on USDNOK.

TRADE SUGGESTION- BUY AT 9.5990, TAKE PROFIT AT 9.6708 AND STOP LOSS AT 9.5383