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HuracanFX

USDNOK Brink of Bearish Move

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U.S. DOLLAR / NORWEGIAN KRONE (FX_IDC:USDNOK)  
HuracanFX  
FX_IDC:USDNOK   U.S. DOLLAR / NORWEGIAN KRONE
Support and Resistance Trend Lines Wedge usdnoksell shortusdnok usdnokhuracanfx huracanfc huracanfx huracanusdnokshort instagramfollow usdnoklikesthistag usdshort
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supportandresistance trendline wedgepattern usdnoksell shortusdnok usdnokhuracanfx huracanfc huracanfx huracanusdnokshort instagramfollow usdnoklikesthistag usdshort
USDNOK affected by oil reactions over the last few weeks - forming a wedge pattern as a result that could see a break to the downside. Contributing to the fact of a strong #Dollar, in addition to #Oil bullish prices. #huracanfx

A push to the downside as #Daily Resistance confirms our trade additionally as a third possible touch around 8.82000 as price hovers expectantly around this barrier.


The downside carries the recent 4hr low at around 8.874200 zone with support levels following soon at 8.73500 and the final 8.70000.


Daily Third Touch Possible
snapshot

4hr Wedge Formation
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4hr Wedge Formation Outlined
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4hr Support Levels
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