Bulls could defend the SMA-crossroads in the USD/NOK

The gains in the USD/NOK led to the 100-hour SMA has moved above the slower 200-hour SMA.

The Overlap on the hourly chart is also referred to as a “Golden Cross”. The price level is supporting the USD/NOK and it will generate a buy signal. Up to a closing price below the 200-SMA, the Signal remains valid.

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