Elliott Wave Analysis: USDNOK Searching For Resistance

USDNOK is higher as money shifts into dollar this week which is stronger and stronger, but still too early to confirm any significant change in trend. On USDNOK we see a three wave recovery from the low, so upside can be limited as pair trades close to former wave 4 swing resistance at 8.0094, that comes in near C=A level.

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