Published: 2026-06-24T07:00:04.000Z
Chart NOK/SEK Update: Extend bounce from .9825 low
1
Leaning lower from the 15 May current year high at 1.0230 as prices unwind overbought daily and weekly studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0300 | * | congestion | S1 | .9900 | * | congestion | |
| R3 | 1.0200/30 | ** | congestion, 15 May YTD high | S2 | .9825 | ** | 15 Jun low | |
| R2 | 1.0100 | * | congestion | S3 | .9800 | * | 38.2% Jan/Mar rally | |
| R1 | 1.0000 | * | parity | S4 | .9700 | * | congestion |
Asterisk denotes strength of level
06:50 GMT - Higher as prices extend bounce from .9825 low as prices consolidate losses from 1.0230 May YTD high. Daily studies have turned up to unwind oversold readings to reach the parity level. Above here will open up room for stronger gains to 1.0100 resistance. Would take break here to revive upside focus and clear the way for retest of 1.0230 May high. Meanwhile, support is raised to the .9900 congestion which should underpin and sustain gains from .9825 low. Below this will open up room for deeper correction of the January/March rally to .9700 congestion and .9665, 50% Fibonacci level.