The USDNOK pair has moved to active growth in recent days. The approaching increase in the Fed key rate at the meeting on May 4 is supporting the dollar. And the Norwegian krone is negatively affected by the declined oil price.
If the “three white soldiers” pattern finishes forming today, the USDNOK pair might be moving to the February-March maximum at 9.08. The RSI is far from overbought and is not preventing growth.
This content is for informational purposes only and is not intended to be investing advice.
