Our expectation for the USDNOK pair is now the launch of the third wave of the third of the fifth.
29/08/2022
The US dollar is now trading in a correctional framework against the Norwegian krone, represented by the wave ((ii)) of 5. The drop can be extended provided that the critical limit at 9.46190 is not breached.
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20/8/2022
The US dollar continues to rise to complete the wave (5) after it ended the wave (4) at 9.46190, which is the critical limit in maintaining this bullish trend up.
03/09/2022
The ascension of the impulsive wave 5 will be completed after the end of the wave 4 at 9.45190, which is the critical limit that supports the emerging rise.
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Coming closer to the weekly range, we are looking for more upside in wave 5 of (1) of ((5)) of c, critical support at 8.14930
We are looking for more upside in wave ((5)), the reasonable target for wave ((5)) at 13.66 (the inverse 1.382 of wave ((4))), critical support at 8.24882