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FxWirePro- Major Pair Levels and Bias Summary

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FxWirePro: USD/NOK hovers towards 1-week peak, struggles to break above 20-EMA

Friday, May 15, 2020 12:12 PM UTC

The Norwegian Krone declined, weighed down by downbeat trade balance figures and greenback rally.
Norway's trade surplus plunged to NOK 3.2 billion in April from NOK 15.1 billion in the same month a year earlier.
USD/NOK trades 1.05 percent up at 10.2546, having touched a low of 10.0342 on Wednesday, its lowest March 16.
Immediate resistance is located at 10.2944 (20-EMA), close above could take it till 10.3620 (21-DMA).
On the downside, support is around 10.1282 break below could take it till 10.0919.

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FxWirePro: USD/NOK hovers towards 1-week peak, struggles to break above 20-EMA

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