USDNOK breakout above the 10
USDNOK is breaking above the strong resistance zone after the basing phase. This extension is pushing higher above 10.125 to target the 10.800-11 zone. The support is at 10 and the FED’s determination to tighten monetary policy stronger as we are going further is keeping the pair in the uptrend swing.
Note: look for the long trade entries with the stop loss below 10.150
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