Today Norges Bank announced it will buy NOK 250mn/day in October, first time since 2000.
This factor should support a stronger NOK, not volumewise, but sentimentwise. Levels to watch for short term is 6.38 and 6.32/6,30. If we break this support area, we should see further strenght for NOK down to 6.20. While on the upside we have now established resistrance around 6,43-6,45 area.
This factor should support a stronger NOK, not volumewise, but sentimentwise. Levels to watch for short term is 6.38 and 6.32/6,30. If we break this support area, we should see further strenght for NOK down to 6.20. While on the upside we have now established resistrance around 6,43-6,45 area.
