USD/NOK registers a slight uptick in Monday's session, settling at 10.693, with buyers making measured strides. With the Fed displaying resistance against premature easing, the USD finds solid support. Markets will look for further clues on the Fed’s stance on Wednesday’s FOMC minutes.
USD/NOK technical analysis Examining the daily graph, the Relative Strength Index resides within negative territory, increasing slightly to 43, indicating a sluggish recovery from a negative trend. Concurrently, the Moving Average Convergence Divergence reveals a flat tendency with persistent red bars, suggesting that negative momentum is still prevalent among investors.
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