USD/NOK Outlook: Downtrend Set to Continue
Mar 6, 2026

USDNOK

USD/NOK is attempting to resume its decline toward previous lows within the fifth wave, following an ABC correction in wave (4). Watch for further weakness, especially if the pair breaks below the 9.5 area.

The Norwegian krone (NOK) could gain additional strength if crude oil prices remain high, given Norway’s large crude oil reserves.

USD/NOK Outlook: Downtrend Set to Continue USDNOK 4H Chart
USDNOK 4H Chart

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