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USDNOK AT KEY SUPPORT

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U.S. Dollar/Norwegian Krone (FX:USDNOK)  
BlueberryMarkets  
FX:USDNOK   U.S. Dollar/Norwegian Krone
Trend Analysis Chart Patterns Technical Indicators Forex forextrading USDNOK blueberrymarkets australia
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The Norwegian Dollar has benefited off the back of the current rise in the price of Oil.
USD weakness continues with Fed members talking of potential rate hikes.
Currently, price is testing the key support of 8.4500 and price could move higher from here.
If price holds and moves back to the resistance we could see a head and shoulders pattern forming and further downside.
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