Following the USD/SEK, the USD/NOK is setting up for a double bottom wedge breakout. The Nordic currencies have been weak all day as the USD posts some strength following strong US economic data this week.

4-17-2014NOK

 

Have a wonderful Easter weekend and holiday.

 

Blake Morrow

Chief Currency Strategist, Wizetrade

Disclaimer: I entered a long USD/NOK trade yesterday following the USD/SEK breakout.

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