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Under renewed pressure

NOK
  • The NOK is under renewed pressure in early trade, nothing fast, but printing multi Months low against the EUR and the USD.
  • EURNOK is again testing the December high, failed to clear that level Yesterday.
  • Some Market participants will look for 11.90 next, ahead of the big 12.00, and 12.10 the 2023 high.
  • USDNOK would see 11.20, followed by 11.2986, the 2023 high.
  • WTI targets the April low of $80.70.

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