USD/NOK Stages Crushing Decline
The 1-hour USD/NOK MACD series is sitting at extreme lows.
Recent
plummeting USD/NOK price action has been highlighted by an
above-average distance between MACD and its signal line. From a
strategic standpoint, there could be further stomach-churning dips to
endure, as well as brief relief rallies. The latest MACD print shows
dissipation of downside momentum, thus reinforcing the second scenario.
