Thursday, September 20, 2012

USD/NOK intraday: the upside prevails as long as 5.708 is support


.Our pivot point stands at 5.708.
Our preference: the upside prevails as long as 5.708 is support.
Alternative scenario: below 5.708, expect 5.698 and 5.692.
Comment: the RSI is above 50. The MACD is positive and above ts signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs( respectively at 5.7104 and 5.7028).

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