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- The Norwegian Krone surged, extending previous session gains.
- On Thursday, the pair retreated from recent highs but closed above the 9.1000 level.
- USD/NOK trades 0.05 percent down at 9.1185, having touched a high of 9.1615 on Wednesday, its highest since September 3.
- Momentum indicators are bearish on hourly charts - RSI weak at 48.83 and Stochs are biased lower.
- Immediate resistance is located at 9.1482 and a close above could take it till 9.1645.
- On the downside, support is around 9.0927 (7-EMA), break below could take it till 9.0752 (10-DMA).
Recommendation: Good to sell on rallies around 9.1190, with stop loss at 9.1290 and target price of 9.0904
