The Norwegian Krone plunged to 2-week low, following the release of weaker-than-expected Norway Industrial Confidence figures.
Norway's Q2 industrial confidence eased to 5.6 after rising to a revised reading of 6.8 in Q1.
USD/NOK currently trades 0.5 percent up at 8.6518, having recorded a high of 8.6550 earlier, its highest since July 9
The pair has broken major trend line resistance at 8.6214 (trendline joining 8.7594 and 8.6759)
Technical indicators support upside: RSI strong at 57.09, MACD supports uptrend, Stochs are biased higher but overbought.
Immediate resistance is around 8.6759 (July 9 High), close above could take it near 8.7594 (June 18 High).
On the lower side, 8.6042 (38.2% retracement of 8.5226 and 8.6550) is acting as next immediate support and any break below could take it till 8.5710 (200-DMA).
Recommendation: Good to go buy on dips at 8.6238, with stop loss at 8.5794 (21-EMA) and target price of 8.7594.


FxWirePro- Major Pair levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Crypto levels and bias summary
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: GBP/AUD drifts lower after BOE rate decision
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: AUD/USD gains some ground but outlook is bearish
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CNY dips to hit three year low,scope for further downside 



