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NOKSEK through another resistance

FOREX
  • Some spillovers from the NOKSEK rally, now up 1.68%, into EUR and USD, both hitting session lows against the NOK.
  • Next resistance in NOKSEK is at 1.0747, 50% very short term retrace of the Aug/Sep fall.
  • All a function of the SEK weakness today, following the dove hike yesterday, and some sensitivity to the Russia war.

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