USDNOK big resistance at the 200dma.
The USNDOK clearly has big resistance here. The 9.6000 level is recent highs, near the highs from Sept 25th (9.6158), also the 200dma is capping the rally. Notice the last 3 days of trade we have not been above to close above it. The 161% extension of the October move lower has also capped the rally at 9.5900 as well. A break of the 9.6500 would be very bullish for the pair near term as the pair didn’t even flinch with the 3.6% move higher in crude (after being lower 6% early on).
