Published: 2026-07-08T06:50:40.000Z
Chart NOK/SEK Update: Extend bounce from .9750 low
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Consolidation at the .9825/00 resistance has given way to fresh gains to reach the .9900 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0100 | * | congestion | S1 | .9825/00 | * | 15 Jun low, 38.2% | |
| R3 | 1.0000 | ** | parity | S2 | .9750 | ** | Jun low | |
| R2 | .9950 | * | congestion | S3 | .9700 | * | congestion | |
| R1 | .9900 | * | congestion | S4 | .9680 | ** | June 2025 high |
Asterisk denotes strength of level
06:45 GMT - Consolidation at the .9825/00 resistance has given way to fresh gains to reach the .9900 level. Clearance here will extend gains from the .9750 June low and see room to strong resistance at the .9950 congestion and parity level. Would expect reaction here but positive daily and weekly studies highlight scope for break here to further retrace losses from the 1.0230 May current year high. Meanwhile, support is raised to the .9825/.9800 area which should underpin and sustain bounce from the .9750 low. Failure here will see room for deeper pullback to .9700/.9680, congestion and June 2025 high.