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NOK extends gains

  • NOK gains a few pips, after Norges Bank is said to buy daily FX average of NK1,500m in June (As per Bloomberg).
  • Oil rally has also been a supporting factor for the currency.
  • NOKSEK is edging to highest level since the 10th May.
  • Resistance is seen at 1.0466, followed by 1.0524.

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