NOK/SEK
After a rebound last week, the cross has resumed its downtrend and broke below a short term support at 1.1440. In this context, an extension of this trend is likely toward the major support zone at 1.1145-1.1204 (long term support line and August low pivot). A break below this area would accentuate the bearish potential in the medium term. Short – Stoploss @ 1.1504 – Target @ 1.1205.
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NATIXIS