The NOK/SEK has sharply bounced yesterday but the short term trend remains bearish below the key short term resistance at 1.0510 (Resistance line). A failure to clear this resistance would signal a new bearish wave toward the next major support at 1.0289. A clear break above 1.0510 would instead favor a rebound toward 1.0584 and possibly toward 1.0733/50.
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