USDNOK testing channel support.

The USDNOK looks oversold when you glance at the RSI which is at very low levels. With the channel support near current levels and the Fibonacci 127% extension also near 8.7600, USD bulls may be looking for a bounce in this pair. However, if this support is broken at the 8.7500 level we could see below 8.7000 rather quickly.

Steve Voulgaridis