Trade of the Day USDNOK

USDNOK has been rejected from the first upside resistance

 

USDNOK has been rejected from the first stronger upside resistance after the reversal higher 8.6850. This rejection could lead to another test of the long-term uptrend line 8.2500 and a break below 8.4400 is needed to confirm that

Note: look for the short trade entries on a break below 8.4400. Long trade entries only in the case of a break above 8.6850

USDNOK daily price action trading strategy

 

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