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USDNOK - Post GDP Release
U.S. Dollar/Norwegian Krone
Short
USDNOK - Post GDP Release
By justatrader
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May 20, 2014
1
Cheer
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3
3
May 20, 2014
Norway's GDP readings have come in better than expected. Y/Y @ 3.9% and Q/Q @ 0.3% up from 1.1% and -0.2% respectively and both beating estimates.
On H4 charts, the retracement to 5.96074 looks like a prime target to short from targeting 5.83130 (for now).
Alternatively, wait for the resistance to be confirmed at 5.96 and sell at the most recent lows in the run up.
GDP
norway
USD (US Dollar)
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USDNOK - Time to short
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