U.S. Dollar to Norwegian Krone - USD/NOK Exchange Rate Chart

USD/NOK rate chart

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USD/NOK market insights

Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.

If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.

Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.

Economic calendar

USD/NOK overview

USD/NOK is a currency pair that’s made up of the US dollar and the Norwegian krone. NOK is the quote currency, so it tells you how many NOK it takes to purchase a single US dollar.

The pair is considered an exotic forex market, as NOK isn’t on the list of major currencies. However, the krone still sees fairly significant volume, and is the 14^thmost traded currency globally according to the Bank for International Settlements.

The krone is a notable European commodity currency, due to Norway’s large oil exports. So, the price of Brent crude (UK crude) can impact USD/NOK.

Spreads

Margins