>>>>> SEK stands out as a relative Underperformer Scandi block

USD/Nok Although the market has been confined to a multi-day consolidation, dips have been very well supported and we continue to see evidence of an eventual break of this range to the upside. Look for a push back above 5.28 to confirm bias and accelerate gains. Only back under 5.65 would delay and give reason for concern.EUR/NokLooks to be finally attempting to establish some form of a base after being very well offered over the past several weeks. The latest break back above 7.49 triggered a double bottom which has already reached its 7.60 objective area. From here, look for additional gains towards 7.75 over the coming weeks. Ultimately, only back under 7.45 delays.