Published: 2025-10-31T07:22:24.000Z
Chart NOK/SEK Update: Extend choppy trade above .9350/.9330 support
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Little change, as prices extend choppy trade above the .9350/.9330 support to retest the .9400 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .9600 | * | congestion | S1 | .9350/30 | * | congestion, Sep low | |
| R3 | .9535/50 | ** | Jul high, congestion | S2 | .9300 | ** | Aug low | |
| R2 | .9500 | * | 2024 year low | S3 | .9280 | * | Mar low | |
| R1 | .9450 | * | congestion | S4 | .9235 | * | May low |
Asterisk denotes strength of level
07:20 GMT - Little change, as prices extend choppy trade above the .9350/.9330 support to retest the .9400 level. However, limited gains above the latter keep pressure on the downside and see room for retest of support at the .9350/.9330 congestion and September low. Below this will see room to retest the .9300, August low. However, daily studies have turned mixed and suggest scope for stronger bounce to unwind oversold readings. Meanwhile, resistance is at the .9400/.9450 congestion. Would need lift over this to clear the way for retest of the .9500/.9535 resistance.