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
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