peterbokma

USDNOK-BUY strategy

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FX:USDNOK   U.S. Dollar/Norwegian Krone
Both the daily chart and the 4-hourly chart suggest that we are oversold and in danger of a sharp correction. Yes, oil is firm and that underpins the pair. However, moves are overdone and we should see corrective action.

Strategy BUY current @ 10.31-10.33 for a profit move to 10.4750 for now.

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