USD/NOK extending scope of projections

FXStreet (Barcelona) - USD/NOK has just crossed below the 200 SMA on an hourly chart.

For traders inclined to nibble on short trades, the cooling USD/NOK price now eyes the 800 SMA, which corresponds to the reading of the 200 SMA on 4H charts. The last such price-indicator cross has occurred at least over a week ago on this time frame, accentuating its significance.