CHF/NOK has formed a very big S/H/S top with a 536.00 target, however strong support will be found near 595 on the way down and it might even be able to halt the decline.The upper chart is the weekly bar-chart, showing the long term picture, while the chart below is the daily chart zoomed in on the S/H/S top. As can be seen we are currently back-testing the neck-line, which has now turned into resistance. This sideways consolidation can go on for a while longer, but decision time will be seen within the next two week. A break below 634.66 will confirm the next leg lower.
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