After key risk-event (Norges Bank rate decision) technicals can take over the field at USDNOK cross. NOK is among most undervalued ccys based on trade-weighted fair value models + it seems crude oil is stabilising. From the USD side eco data came in weaker, that might push Fed to take a softer stance on future rate hikes.
Trade closed: stop reached
Crude oil falling like a knife, NOK could not revert back to mean
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.