Published: 2025-09-04T07:49:40.000Z
Chart NOK/SEK Update: Leaning lower choppy trade
Technical Analyst
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Leaning lower in choppy trade within the July/August range area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .9600 | * | congestion | S1 | .9350/30 | * | congestion, Jun low | |
| R3 | .9535/50 | ** | Jul high, congestion | S2 | .9300 | ** | Aug low | |
| R2 | .9500 | * | 2024 year low | S3 | .9280 | * | Mar low | |
| R1 | .9450 | * | congestion | S4 | .9235 | * | May low |
Asterisk denotes strength of level
07:45 GMT - Leaning lower in choppy trade within the July/August range area and rejection from resistance at the .9500/.9535 highs see room for retest of the .9330/.9300 support. Daily studies are tracking lower but oversold readings suggest reaction at the latter expected. Break here, if seen, will further retrace the April/June rally and see room to support at the .9280 and .9235, March/May lows. Meanwhile, resistance is lowered to the .9450 congestion now expected to cap and sustain rejection from the .9500/.9535 resistance.