Breach of important price line imminent by USDNOK

USDNOK is moving towards a line of 8.9164 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDNOK continues in its current trajectory, we may see it move towards 8.9164 within the next 14 hours.

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