
- The Norwegian Krone rose, hovering away from a 1-week low hit in the previous session as investors digested upbeat unemployment rate.
- Norway's seasonally adjusted unemployment rate stood at 3.8 percent in the three months to November, the same as in the June-August period but below expectations of 3.9 percent.
- USD/NOK trades 0.2 percent lower at 8.8110, having touched a low of 8.7542 on Thursday, its lowest since July 31.
- Momentum indicators are bearish on hourly charts: RSI weak at 40.11, MACD supports downside and Stoch are biased lower.
- 200-DMA is acting as major resistance.
- Next resistance level is located at 8.8720 (10-DMA), and close above could take it till 8.9115.
- On the downside, support is around 8.7880, break below could take it till 8.7542.
Recommendation: Good to sell on rallies around 8.8339, with stop loss at 8.8654, and target price of 8.7880.


Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 



