USDNOK Technical Analysis: Weekly Chart

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

RSI is in over bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 9.7693 & the resistance level is at 10.0928.

USDNOK was trading in the up channel before there is breakout upside.

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 over bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 9.8429 & the resistance level is at 10.0172.

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 9.9170, TAKE PROFIT AT 10.0172 AND STOP LOSS AT 9.8429