Previous target hit. Approaching a 1W Higher Low. Long on suppor

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Canadian Dollar / Norwegian Krone (FOREXCOM:CADNOK)

FOREXCOM:CADNOK Canadian Dollar / Norwegian Krone

trendanalysis chartpattern indicator cadnok canadiandollar norwegiankrone forex currencies currency cad nok

The last TP = 6.0866 hit and CADNOK has since rose within the long term 1W Channel Up (MACD = 0.038, Highs/Lows = 0.0111, B/BP = 0.0930) which is now pulling back towards its potential Higher Low (RSI = 53.641) near 6.27730. That is carried out within a 1D Channel Down (green channel, Highs/Lows = -0.0262). Once the low is made, we will be going long, TP = 6.500.

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