USD/NOK Technical Analysis: Support, Resistance & Pivot Today (Oct 28, 2026)
What drives the technical score
- Intraday view is bearish
- Price below the 20-day average
- Daily RSI 35, weak momentum
- Daily MACD below its signal line
- 5-day down 0.8%
- 20-day average above the 50-day
- Daily view is bearish
- Price below the 50-day average
- 20-day down 2.8%
- Daily MACD below zero
- Weekly MACD above its signal line
- Price below the 40-week average
- 10-week average below the 40-week
- Weekly RSI 43, weak momentum
- 6-month change +0.7%, little net move
The technical score combines several pieces of technical evidence, including moving-average position, momentum, recent performance, our level views and active chart patterns; more filled segments mean the evidence agrees more strongly. Support and resistance are the nearest levels from the intraday and short-term views. For reference only; not investment advice.
USD/NOK: Bearish below the pivot
Our preference
Below 9.3547, look for a move towards 9.2965.
Alternative scenario
Above 9.3547, expect 9.3791 and 9.3936.
Comment
As long as price stays below the pivot, the downside structure remains intact. RSI is at 56 and MACD is above its signal line.
Full level ladder
| Resistance 3 | 9.3936 |
| Resistance 2 | 9.3791 |
| Pivot | 9.3547 |
| Price | 9.3348 |
| Support 1 | 9.2965 |
| Support 2 | 9.2820 |
| Support 3 | 9.2675 |
USD/NOK: Target level as a potential turning point
Our preference
Below 9.7395, look for a move towards 9.1387.
Alternative scenario
Above 9.7395, expect 9.9750 and 10.1152.
Comment
Price is approaching our first target at 9.1387, which may trigger a pullback; a clear break below it would open the way to 9.0005. RSI is at 35 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 10.1152 |
| Resistance 2 | 9.9750 |
| Pivot | 9.7395 |
| Price | 9.3348 |
| Support 1 | 9.1387 |
| Support 2 | 9.0005 |
| Support 3 | 8.8624 |
AI market story
Updated 2026-10-28 09:48 UTC+8USD/NOK leans bearish as RSI falls toward 34
Price is 9.3270, up 0.23% on the day but down 0.75% over 5 days and 2.78% over 20 days, inside a 9.2391 to 9.6820 range. Daily RSI eased from 39 to 34, MACD sits below its signal line with the histogram shrinking 3 days running, and price trades under the 20-day 9.4664 and 50-day 9.4090 averages.
Price journey: up or down lately?
The latest day is a small gain, with price at 9.3270 and up 0.23%. Over a longer window it is still falling, down 0.75% in 5 days and 2.78% in 20 days.
Trend: which way is the bigger picture pointing?
The bigger direction is lower. The 20-day average at 9.4664 and 50-day at 9.4090 both sit above price, and both the short-term and daily views point down.
Momentum: gaining or losing strength?
Momentum is fading. Daily RSI dropped from 39 five days ago to 34, MACD is below its signal line, and the histogram has shrunk for 3 straight days.
Key levels: which prices matter next?
Watch the intraday pivot at 9.3547, with downside targets 9.2965 and 9.2820 and a first reversal level at 9.3791. On the daily chart the pivot is 9.7395, targets 9.1387 and 9.0005, with the lower Bollinger band at 9.2525.
FOMC and core PCE set to widen USD/NOK swings
The FOMC decision lands 10-29 02:00 with the lower and upper bounds expected at 3.75 and 4, both unchanged. Over the past 21 releases the pair averaged 923.5 points in the following 4 hours, peaked at 1759.8, rose 67% of the time and ran about 2.8 times normal. Core PCE and Q3 GDP follow at 20:30.
What is coming up on the calendar?
The key event is the FOMC decision at 10-29 02:00, with the lower bound expected at 3.75 and the upper at 4, both unchanged. Later at 20:30 come September core PCE at 0.3 expected and Q3 annualized GDP at 3 expected.
How much do these events usually move the price?
After the past 21 FOMC releases the pair moved 923.5 points on average in 4 hours, up to 1759.8, about 2.8 times normal, rising 67% of the time. Core PCE averaged 690.2 points and peaked at 1344.6; GDP averaged 688.4 and peaked at 1451.2.
This content was generated with the assistance of AI from the Borearis Research Team's market data and analysis. For reference only; not investment advice. How we produce this content
Volatility stop
USD/NOK is below its daily short trailing stop. Short positions can reference 9.5009 (1.75% away); it only moves down. A daily close above 9.5009 signals the trend is strengthening.
Calculated from the 22-day high (low) minus (plus) 3 times the average true range on the daily chart, and it only moves in the trend's favour. A common trailing-stop method, for reference only; not investment advice.
Thick line = trailing stop (green uptrend, red downtrend); vertical line = latest trend change; last 90 daily bars
Technical picture
- Price is below the 20- and 50-day moving averages, a weak medium-term structure.
- Daily RSI is 35, soft momentum.
- Daily MACD is below its signal line; daily momentum is down.
- Price is inside the daily Bollinger Bands (9.2539 to 9.6797).
Related economic events this week
| 10-27 22:00 | United States Oct Richmond Fed Manufacturing IndexAfter 32 past releases, USD/NOK moved 458.5 pips on average in 4 hours · max 937.8 pips | -2 |
| 10-27 22:00 | United States Oct Conference Board Consumer Confidence IndexAfter 33 past releases, USD/NOK moved 442.7 pips on average in 4 hours · max 658.0 pips | 91.7 |
| 10-29 02:00 | United States FOMC Rate Decision (Lower Bound) HighAfter 21 past releases, USD/NOK moved 923.5 pips on average in 4 hours (2.8× normal) · max 1759.8 pips | 3.75 |
| 10-29 02:00 | United States FOMC Rate Decision (Upper Bound) HighAfter 21 past releases, USD/NOK moved 923.5 pips on average in 4 hours (2.8× normal) · max 1759.8 pips | 4 |
| 10-29 04:30 | United States Alphabet Q3 Earnings Call High | — |
| 10-29 05:00 | United States Microsoft Q3 Earnings Call High | — |
| 10-29 20:30 | United States Sep Core PCE Price Index MoM HighAfter 32 past releases, USD/NOK moved 690.2 pips on average in 4 hours · max 1344.6 pips | 0.3 |
| 10-29 20:30 | United States 3Q Real GDP Annualized QoQ Prelim HighAfter 32 past releases, USD/NOK moved 688.4 pips on average in 4 hours · max 1451.2 pips | 3 |
Times in UTC+8. Grey = forecast. Full economic calendar →
News and sentiment for USD/NOK
None of the financial news we collected in the last 7 days mentioned USD/NOK directly.
Trade signals for USD/NOK
Short-term Signals 30-minute · held a few hours to a day
No recent short-term signals for USD/NOK.
All short-term signals and results →
Swing Signals 1-hour and 4-hour · held a day to a week
No recent swing signals for USD/NOK.
Chart patterns in play for USD/NOK
No active 15-minute to 4-hour patterns for USD/NOK right now.
FAQ
Where are USD/NOK support and resistance levels today?
Intraday resistance: 9.3547, 9.3791, 9.3936. Support: 9.2965, 9.2820, 9.2675. Pivot: 9.3547 (updated Oct 28, 2026 15:09 UTC+8).
Is USD/NOK bullish or bearish now?
Intraday: bearish. Short-term (daily): bearish. Bearish below 9.3547, targeting 9.2965 and then 9.2820.
How has USD/NOK been trading lately?
USD/NOK leans bearish as RSI falls toward 34. Price is 9.3270, up 0.23% on the day but down 0.75% over 5 days and 2.78% over 20 days, inside a 9.2391 to 9.6820 range. Daily RSI eased from 39 to 34, MACD sits below its signal line with the histogram shrinking 3 days running, and price trades under the 20-day 9.4664 and 50-day 9.4090 averages.
How do I read the USD/NOK technical score?
Currently short-term bearish, medium-term bearish, long-term bearish. The technical score combines several pieces of technical evidence, such as moving-average position, momentum, recent performance, our level views and active chart patterns, into short-, intermediate- and long-term readings. More filled segments mean the evidence points the same way; neutral means bullish and bearish evidence are balanced.
Where should a stop loss go on USD/NOK?
USD/NOK is below its daily short trailing stop. Short positions can reference 9.5009 (1.75% away); it only moves down. A daily close above 9.5009 signals the trend is strengthening.
Which economic events matter for USD/NOK next?
FOMC and core PCE set to widen USD/NOK swings. The FOMC decision lands 10-29 02:00 with the lower and upper bounds expected at 3.75 and 4, both unchanged. Over the past 21 releases the pair averaged 923.5 points in the following 4 hours, peaked at 1759.8, rose 67% of the time and ran about 2.8 times normal. Core PCE and Q3 GDP follow at 20:30.
What is the pivot?
The pivot is the line in the sand for the view. In a bullish view it sits below price; a close below it invalidates the view and a new set of levels is drawn. The reverse applies to a bearish view.
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