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Short-term Trading Idea FX USD/NOK – Bull Speculation: Possible Recoil from 8.0400-8.0650 Zone
Trading opportunities for currency pair: a spike pattern has appeared on the daily. The fall stopped near a strong support. I’ll risk saying that we’ll see a rebound for the dollar from 8.0400-8.0650 this week. Trading on the rebound is risky. If Brent breaks the 54.14 mark, it’s worth staving off dollar purchases. Wait for a fall in the dollar rate to the trend line and then keep an eye on how the price behaves.
Source:: Short-term Trading Idea FX USD/NOK – Bull Speculation: Possible Recoil from 8.0400-8.0650 Zone