Technical Analysis – USDNOK uptrend is under pressure; short-term bias neutral-to-bearish

USDNOK has created a lower low around 8.910 and a lower high at 9.010, putting its upward pattern that topped at a multi-year high of 9.162 into speculation. The 50-period simple moving average (SMA) in the four-hour chart is heading for a bearish cross with the 200-period SMA, signaling that a resumption of the positive […]