USDNOK 27 Sep 2023. Looking at USDNOK on the weekly timeframe. This pair managed to start this month well after continuing to experience a bullish trend since the beginning of the month until now successfully sitting at a price of 10.81289. However, if we look at the chart where the pair has touched the resistance line, also reinforced by the stochastic indicator which looks to be in a saturated zone due to overbought, it is possible that a bearish trend will occur. Therefore, go-short can be an option for traders. But on the contrary, if this pair is able to maintain the bullish trend and successfully penetrate the resistance line, then go-long is an option. Keep an eye on market movements and evaluate various possibilities before deciding on a trading position.
