In the duel of the Nordic nations between the strong Norwegian Ragnar (NOK) and the fierce Swedish Earl (SEK), only one can survive. I am betting my gold coins on the Norwegian krone for the following reasons: - NOKSEK is fundamentally undervalued -> fundamentally the pair should rather be trading at 1.04 - 1.05 - Norges Bank surprised EVERYONE...
Pattern: Rectangle on 1M. Signal: Bearish as the price was rejected on the 1M Resistance Zone. Target: 1.0455 and 1.0215 in extension.
Pattern: Ascending Triangle on 1D. Signal: Bullish since the 1.0890 Resistance broke upwards. Target: 1.1000 (lower 1W Resistance).
Pattern: Rectangle on 4H. Signal: Bearish as the price is just under the Resistance Zone. Target: 1.0725.