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USDNOK

USDNOK break of a flip zone. Near major resistance.USDNOK looking interesting here. We approached the major resistance zone of 9.00. Price stopped making higher lows and higher highs. Just today, we broke below the previous swing (higher low) and also a support/flip zone with a nice strong red candle. It seems price has come up to retest and we may get our first confirmed lower high here which can also be seen on the 2 hour chart. Target would be the important zone near 8.79-80.
Short
by Uncharted-FX
USDNOK to reverse from downside confirmation, potential drop! USDNOK to reverse from its downside confirmation at 8.68724 where it could potentially drop further to 8.65682. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone