Published: 2026-04-02T07:37:54.000Z
Chart NOK/SEK Update: Choppy below .9800/.9850 highs
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Lower in choppy trade from the .9850 March current year high as prices unwind overbought daily and weekly studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0000 | ** | figure | S1 | .9680 | * | Jun high | |
| R3 | .9950 | * | 61.8% 2023/2025 fall | S2 | .9600 | * | congestion | |
| R2 | .9850 | ** | 19 Mar YTD high | S3 | .9500 | ** | congestion, 2023/2024 yr lows | |
| R1 | .9800 | * | congestion | S4 | .9425 | 26 Feb low |
Asterisk denotes strength of level
07:30 GMT - Lower in choppy trade from the .9850 March current year high as prices unwind overbought daily and weekly studies. Consolidation above the .9680 support expected to give way to selling pressure to open the .9600 level to retest. Below this will return focus to the .9525/00 low and congestion area from the 2023 and 2024 year lows. Break here will see deeper pullback to retrace the January/March rally. Meanwhile, resistance at the .9800/.9850 congestion and March YTD high is expected to cap. Clearance, if seen, will see room to .9950 Fibonacci level and parity level.