OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/NOK to recapture critical juncture

Recent upward moves led to a cross between the 100 and 200 SMA on the 4H USD/NOK charts.

A recent bounce in the USD/NOK price structure might contribute to a consensus of technical levels, especially when the recent lows are at a relative narrow distance from the price level where the so-called “Golden Cross” occurred. At a distance slightly shorter than a daily ATR, the 200 SMA could exhibit some attraction to the price. The bullish outlook should be dismissed by a close beyond the 200 SMA.

NZD/USD seen at 0.62 by year-end – TDS

In the view of strategists at TD Securities, the Kiwi dollar could drop towards the 0.62 handle by end of 2015...
Read more Previous

United States Pending Home Sales (MoM) below expectations (0.5%) in August: Actual (-1.4%)

United States Pending Home Sales (MoM) below expectations (0.5%) in August: Actual (-1.4%)
Read more Next
Start livechat