The pair has been pushed down, and now we are at the lower end 1.7400 handle. The chart pattern is shaped suggesting we may see 1.7560 again. This means low USDNOK with a slower lower decline on USDZAR. My view is lowe USDZAR so USDNOK may reach 9.9500 again based on that assumption.
This chart is just to show which one of the pairs will move more than the other. When GOLD is firm, it means pressure on USDZAR and therefore heavier pressure on USDNOK I feel. We should see 1.7567 GANN resistance test again.
This chart is just to show which one of the pairs will move more than the other. When GOLD is firm, it means pressure on USDZAR and therefore heavier pressure on USDNOK I feel. We should see 1.7567 GANN resistance test again.