Since December, the USDNOK currency pair has been trading in the flat with the bottom boundary of 8.7 and the top boundary near the level of 9. In recent days, the price has approached the bottom boundary of 8.7 although it did not come to its testing.
A "doji star" was formed in the chart indicating a reversal. Now USDNOK is able to go again towards the flat top boundary of 9. The level of 8.86 can be designated as an intermediate target.
This content is for informational purposes only and is not intended to be investing advice.
