Published: 2025-12-17T06:52:27.000Z
Chart NOK/SEK Update: Extending losses, but stretched
1
Further extend sharp losses to reach support at the .9120/00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .9330/50 | ** | congestion, Oct low | S1 | .9120/00 | * | congestion | |
| R3 | .9300 | ** | Aug low, congestion | S2 | .9065 | ** | Apr year low | |
| R2 | .9250 | * | congestion | S3 | .9000 | * | figure | |
| R1 | .9200 | * | congestion | S4 | .8900 | * | congestion |
Asterisk denotes strength of level
06:45 GMT - Further extend sharp losses to reach support at the .9120/00 area following breakdown from the .9300 level last week. Intraday and daily studies are stretched as suggest scope for bounce here to unwind oversold readings. Bounce see resistance starting at the .9200 congestion and regaining this needed to open up room for stronger bounce to the .9250/.9300 area. Break of support at the .9120/00 congestion will further extend losses from the 2022 year high and see room to retest the April current year low at .9065. Lower still will see potential to the .9000 figure.