SGTrades

USDNOK - Breakout or Bounce?

FX:USDNOK   U.S. Dollar/Norwegian Krone
7
There is no divergence on RSI which indicate USDNOK could be making WXYXZ before completing
the structure and head for the down side. After the US Presidential Election, USD has been rallying
pretty hard from the past few weeks. So expecting more upside would be possible but how long
can it last? A GOLDEN RULE: Whatever goes up must come down.

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