-Norwegian Central Bank stated would step in to FX markets if drop in Norwegian Krone dropped more.
-Providing support.
-At the same time oversold on the RSI and general sell down. Looking like a bounce.
-Norwegian Central Bank came out stating will intervene in the FX markets during the NOKSEK drop.
-Held up by this support.
-Plus oversold on RSI level.
-This should go up near term.
GBPPLN - has dropped into a critical supply level area. It is expected based on technical inference that we go up from here. GBP oversold as well and will pop with the Fed rate cut expected on July 31st. Excellent Long Opportunity.
Best regards and GLTA,
OakTree Capital scrl
