7-25-14NOK

 

A commodity currency attempting to fly under the radar (with the emerging USD strength) is the USD/NOK. The pair is coiled up in a very tight range on the 4 hour chart. With the fall in the CAD, NZD and AUD I would expect the USD/NOK stages a rally, especially if the USD index closes above 81.00 today.

H/Y for Allen F for bringing to my attention today on the Morning EDGE webinar today.

Blake Morrow

Chief Currency Strategist, Wizetrade

0
Shares

Leave a Reply

Your email address will not be published. Required fields are marked *