USDNOK - double top short correction
After key risk-event (Norges Bank rate decision) technicals can take over the field at USDNOK cross. NOK is among most undervalued ccys based on trade-weighted fair value models + it seems crude oil is stabilising. From the USD side eco data came in weaker, that might push Fed to take a softer stance on future rate hikes.
Trade geschlossen: Stop wurde erreicht:
Crude oil falling like a knife, NOK could not revert back to mean