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CHFNOK Resting on Trendline Support - Oil.....>

FOREX
FOREX: CHFNOK Resting on Trendline Support
- Oil tied NOK further accelerated gains on extended react to the strong
domestic CPI release.
- CHFNOK approaches long-term up trendline support off the May 11 2018 low &
200-dma at 8.5005/8.4992.
- A close below opens the Feb 5 year-to-date low at 8.4513, ahead of the 50%
retracement level of 7.9579-8.9260 at 8.4420.
- Seasonality trends have seen CHFNOK lower in April fifteen of the last
nineteen years, currently -1.18%.
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