Published: 2025-11-21T06:20:40.000Z
Chart NOK/SEK Update: Leaning lower in choppy trade
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Leaning lower in choppy trade from the .9500 September high to pressure support at the .9350/.9330 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .9535/50 | ** | Jul high, congestion | S1 | .9350/30 | * | congestion, Sep low | |
| R3 | .9500 | * | Sep high | S2 | .9300 | ** | Aug low | |
| R2 | .9450 | * | congestion | S3 | .9235 | * | May low | |
| R1 | .9400 | * | congestion | S4 | .9200 | * | congestion |
Asterisk denotes strength of level
07:20 GMT - Leaning lower in choppy trade from the .9500 September high to pressure support at the .9350/.9330 area. Below this will see room for extension to retest the .9300 August low where reaction can be expected to unwind oversold daily and weekly studies. However, the bearish pressure from the .9680 June high highlights scope for break later to open up room for deeper pullback to the May low at .9235 and .9200 congestion. Meanwhile, resistance at the .9400/.9450 congestion area is expected to cap bounce attempt and keep pressure on the downside.