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USD/NOK mid-term buyers gaining momentum

On the 4H USD/NOK chart, the MACD has moved above zero denoting an uptrend.

Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push USD/NOK higher.

NZD/USD nose-dives to sub-0.7300 level

The NZD/USD pair failed to build on RBNZ's inflation expectations data-led up-surge to 3-month peaks near 0.7375 level and has now dropped below 0.730
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