USDNOK is taking the last breath before the uptrend starts

on DAILY: USDNOK is approaching a demand area in red so we will be looking for objective buy setups on lower timeframes.

on M30: USDNOK is trading inside an objective channel in orange so we are waiting for a momentum candle close above the last swing that forms around our upper orange trendline to buy this pair.

we also have a regular bullish divergence on MACD adding more confluence to our buy setup.

meanwhile, until the buy setup is activated, USDNOK would be overall bearish.