USD/NOK MACD higher lows indicates upside ahead

A run of USD/NOK MACD higher highs and lows, could imply a shift in sentiment ahead.

In recent weeks, the pair has suffered declines, but in the short term at least, we could experience a move to bullish sentiment. This is highlighted by the MACD posting higher highs and lows on the 4-hour chart. At the same time, price action is posting lower lows, which should indicate that spot has bottomed out for the time being.

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