USDNOK reversed from resistance, potential drop!
USDNOK reversed off its resistance at 8.92350 where it could potentially drop further to 8.75474.
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Usdnoklikesthistag
USDNOK Brink of Bearish MoveUSDNOK affected by oil reactions over the last few weeks - forming a wedge pattern as a result that could see a break to the downside. Contributing to the fact of a strong #Dollar, in addition to #Oil bullish prices. #huracanfx
A push to the downside as #Daily Resistance confirms our trade additionally as a third possible touch around 8.82000 as price hovers expectantly around this barrier.
The downside carries the recent 4hr low at around 8.874200 zone with support levels following soon at 8.73500 and the final 8.70000.
Daily Third Touch Possible
4hr Wedge Formation
4hr Wedge Formation Outlined
4hr Support Levels
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