USDNOK Remains BearishUS Dollar/Norwegian KroneFX:USDNOKew-forecastUSDNOK made a three-wave rise from the recent low, indicating an abc correction within a downtrend—especially considering the triangle in wave "b" in the middle, and the current sharp decline following a completed five-wave impulse in wave "c". As long as this structure remains intact, there is still a risk of another leg lower. Therefore, we can expect further weakness toward the June lows, especially if it breaks below the channel support line. Just watch out for short-term intraday pullbacks.