7640861 7/12/2017 5:16 PM, USD/NOK intraday: the downside prevails as long as 8.2850 is resistance


8.2850 is our pivot point.


Our preference

: the downside prevails as long as 8.2850 is resistance.


Alternative scenario

: the upside breakout of 8.2850, would call for 8.3150 and 8.3330.


Comment

: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 8.2703 and 8.2956).


Supports and resistances

:

8.3330 **

8.3150 *

8.2850 **

8.2730

8.2576 last

8.2180

8.2000 **

8.1820 *

8.1640 **