Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 03:08 (GMT) 09 Feb
USD-NOK
Settled back into consolidation from the 6.0435 high with the 5.9300 support to watch. Break will trigger stronger correction under the 5.9000 level. Upside seen limited for now with resistance at 6.0065 then 6.0435. [P.L]
USD-SEK
Last two sessions of choppy moves have established a near-term 7.3855-7.5190 band and with the upmove from 6.9875 low still dominating, buying into corrective weakness is still favoured. [W.T]
EUR-NOK
Eased back in range following rejection from the 8.2315 high with the 8.1330 and 8.1220 lows at risk. Break will further extend the underlying bear trend and target sub-8.1000. Resistance is at 8.2000 then 8.2315. [P.L]
EUR-SEK
Corrective bounce seen last week is fading with prices faltered at the 10.2480 high and current pullback is exposing immediate support at 10.1260 and slippage below latter will expose deeper setback towards the 10.0555 low. [W.T]
