USD/NOK Alternate bat

\ 9:21 AM EST \ February 1st, 2013

I have US dollar Norwegian Kroner making an Alternate bat pattern on the daily chart. With mixed data coming out this week for Norway from CPI and Industrial production the unemployment rate increased to 3.5% on Wednesday this give me the fundamental catalysts for the Norwegian Kroner to now depreciate over the medium term against the safer US dollar.

Please login to comment. Dont have an account? Register