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EUR/NOK bears remain unobstructed

The hourly ADX(14) has just crossed above 50, emerging from below the 30 levels where it has been seen during the previous market session.

This is a less frequent technical set-up which suggests the EUR/NOK pair should be on its way to achieve further lows the days ahead.

Caution is advised on a possible overshoot threat to the falling 200-SMA, now printing above the recent close.

United States Consumer Credit Change came in at $16.02B below forecasts ($19B) in August

United States Consumer Credit Change came in at $16.02B below forecasts ($19B) in August
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AUD/JPY rising for the sixth day in a row

The aussie continued to rise against the Japanese yen despite the decline of USD/JPY, supported by rising commodity prices and an improvement in risk appetite. On Tuesday the Australian dollar received a modest impulse after the Reserve Bank of Australia left monetary policy unchanged and sounded more optimistic.
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