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USDNOK is through the September high

NOK
  • After being offered across G10s, USD is now edging into green territory, triggering a 2 big figure jump in USDNOK, now up 0.26%.
  • Very little is happening in Oil, this is more a function of the Dollar.
  • USDNOK is through the September high, with next resistance at 8.8286, (50% retrace)

Chart source: Bloomberg

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