Usd/nok Currency Pair Forecast

Buy or Hold candidate since Jun 17, 2026 Gain 1.80%

The USD/NOK currency pair price gained 1.01% on the last trading day (Tuesday, 23rd Jun 2026), rising from kr9.69 to kr9.79. During the last trading day the currency pair fluctuated 1.39% from a day low at kr9.67 to a day high of kr9.80. The price has risen in 7 of the last 10 days and is up by 3.44% over the past 2 weeks.

Given the current horizontal trend, you can expect USD/NOK currency pair with a 90% probability to be traded between kr8.95 and kr9.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and currency pairs seldom manage to go directly from the bottom of a trend up to the top. Currency pairs turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the currency pair price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

USDNOK Signals & Forecast

The USD/NOK currency pair holds buy signals from both short and long-term Moving Averages giving a positive forecast for the currency pair. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr9.60 and kr9.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 13, 2026, and so far it has risen 6.85%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The currency pair had a Golden Star Signal on Tuesday, June 02, 2026 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the currency pair in question.

Support, Risk & Stop-loss for USD/NOK currency pair

USD/NOK finds support from accumulated volume at kr9.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the currency pair tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the currency pair During the last day, the currency pair moved kr0.135 between high and low, or 1.39%. For the last week the currency pair has had daily average volatility of 0.99%

The USD/NOK currency pair is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some currency pairs may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the currency pair manages to break the trend before that occurs.

Our recommended stop-loss: kr9.42 (-3.80%) (This currency pair has very low daily movements and this gives very low risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (USDNOK) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect USD/NOK to open at kr9.75, and during the day (based on 14 day Average True Range), to move between kr9.75 and kr9.83, which gives a possible trading interval of +/-kr0.0815 (+/-0.84%) up or down from last closing price. If USD/NOK takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ kr9.71, some kr0.0819 (0.84%) from the current price of kr9.79, our system finds the risk reward attractive.

Is USD/NOK currency pair A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for USD/NOK currency pair to perform well in the short-term period. We have upgraded our analysis conclusion for this currency pair since the last evaluation from a Hold to a Buy candidate.

Current score: 2.136 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 24, 2026 - kr9.75 ( 0.377%).

Want to trade but not sure how? Our step-by-step guide can help.
Skip the guide? Open account with our trusted broker*
*Your capital is at risk