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Special Focus - USD/NOK

USD/NOK - Medium-term structure warns of an extension higher.

USD/NOK based at 5.2174 at the beginning of May after a minor break below the support of a falling channel. This was followed by a substantial recovery which broke above the resistance of the same channel confirming the break down to 5.2174 as a false break lower.

Special Focus - USD/NOK

 

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