USD/NOK intraday: the downside prevails as long as 5.533 is resistance
26-May-11
05:22
Our pivot point stands at 5.533.
Our preference: the downside prevails as long as 5.533 is resistance.
Alternative scenario: the upside breakout of 5.533, would call for 5.549 and 5.559.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (standing respectively at 5.5608 and 5.5638).
Supports and resistances:
5.549 *
5.533 **
5.526
5.51978 last
5.499
5.49 **
5.48 *
Ticker: NOK
