The hourly 50-period SMA broke through the slower 200-period SMA, adding credence to the recent bearish USD/NOK profile. From here, if USD/NOK spot rises closer to the level where the moving averages crossed, then sellers might see it as an opportunity to reenter at a better price. Furthermore, a convincing break through the 50-SMA signals a neutral tone, shifting positive above the 200-SMA.
SMA is an acronym