Published: 2025-07-22T07:40:51.000Z
Chart NOK/SEK Update: Leaning lower from the .9500/35 resistance
Technical Analyst
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Leaning lower in consolidation from the .9500/35 resistance with pullback returning focus to the .9400 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .9645 | ** | Mar high, 61.8% | S1 | .9400 | * | congestion | |
| R3 | .9680 | ** | Jun high | S2 | .9330/25 | ** | Jun low, 16 Apr high | |
| R2 | .9535/50 | * | 3 Jul high, congestion | S3 | .9280 | * | Mar low | |
| R1 | .9500 | * | 2024 year low | S4 | .9235 | * | May low |
Asterisk denotes strength of level
07:30 GMT - Leaning lower in consolidation from the .9500/35 resistance with pullback returning focus to the .9400 level. Negative daily studies suggest break here likely to open up room for retest of strong support at the .9330/.9325, June low congestion area. Below this will see extend the broader losses to retrace the April/June rally to retest support at the .9280 and .9235, March/May lows. Meanwhile, resistance at the .9500 level is expected to cap and sustain losses from the .9535, 3 July bounce high.