Published: 2026-07-28T06:30:04.000Z
Chart NOK/SEK Update: Room for deeper pullback
1
Consolidation at the 1.0160 high has given way to sharp pullback towards the parity level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0300 | * | congestion | S1 | 1.0000 | * | parity | |
| R3 | 1.0230 | ** | 15 May YTD high | S2 | .9900 | * | congestion | |
| R2 | 1.0160 | ** | 23 Jul high | S3 | .9830/00 | * | 20 Jul low, congestion | |
| R1 | 1.0100 | * | congestion | S4 | .9750 | ** | Jun low |
Asterisk denotes strength of level
06:25 GMT - Consolidation at the 1.0160 high has given way to sharp pullback towards the parity level as prices unwind overbought daily studies. Nearby see support at the parity level and break here will open up room for deeper pullback to retrace gains from the .9750 late-June swing low. Lower will see room to the .9900 level and the .9830/00 congestion area. Below the latter will return focus to the .9750 low. Meanwhile, resistance is lowered to the 1.0100 congestion. Regaining this needed to expose the 1.0160/1.0230, July and 15 May current year highs to retest.