Friday, September 21, 2012

USD/NOK intraday: as long as 5.713 is support look for 5.745


5.713 is our pivot point.
Our preference: as long as 5.713 is support look for 5.745.
Alternative scenario: the downside breakout of 5.173 would call for 5.703 and 5..697.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace.
Moreover, the pair is above its 20 and 50 MAs ( respectively at 5.7234 and 5.7149).

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