- The Norwegian Krone extended previous session rebound from all-time lows, following the release of better-than-expected consumer confidence.
- Norway's consumer confidence decreased to 14.5 points in the first quarter of 2020 from 14.8 points in the fourth quarter of 2019, but surpassing expectations of 7.
- USD/NOK trades 0.3 percent lower at 9.2539, having touched a record high of 9.3057 on Monday.
- Momentum indicators are bearish on hourly charts: RSI weak at 39.90, Stochs are biased lower and MACD supports downside.
- Immediate resistance is located at 9.3030, and close above could take it till 9.3050.
- On the downside, support is around 9.2412 (5-DMA)/ 9.2321 (7-EMA), break below could take it till 9.2119 (10-DMA).
Recommendation: Good to sell on rallies around 9.2814, with stop loss at 9.3030 and target price of 9.2412.


FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Pair levels and bias summary
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 



