USDNOK at Key Resistance Zone – Potential Reversal Setup
USDNOK is currently trading at a key resistance zone, where sellers may regain control. This level has been a strong area of interest in the past, leading to price reversals. The recent bullish momentum has pushed price into this supply zone, suggesting a potential for bearish continuation if price action confirms a rejection.If the price confirms rejection from this zone, a move lower toward 11.2010 is likely. However, a strong breakout above could invalidate this setup, shifting momentum back to the bulls.
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FREE Trading Signals: t.me/danielmtrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.