FxWirePro: USD/NOK extends gains as Norway starts partial reopening
Tuesday, April 14, 2020 11:49 AM UTC
- The Norwegian Krone eased after the government announced plans to ease existing coronavirus lockdown.
- Last week, Norwegian government lifted restrictions on some schools, some businesses, and some sports.
- The number of new cases has declined to about 116 from a peak of 400 in March.
- USD/NOK trades 0.1 percent up at 10.3076, having touched a low of 10.1243 last week, its lowest March 16.
- Immediate resistance is located at 10.3460 (20-EMA), and close above could take it till 10.3833.
- On the downside, support is around 10.1715, break below could take it till 10.1240.