Tuesday, February 11, 2014

USD/NOK: Can The Olympics Magic Continue For Norway?

As the Sochi games kicked off last week, the USD/NOK had just broken above stubborn resistance in the 6.23-6.25 zone to a new 3.5-year high. The big technical breakout indicated that rates may have further to run, but as if anticipating Norway's Olympics success, traders refrained from pushing the krone



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