• The Norwegian Krone consolidated within narrow ranges after rebounding from a near 1-month trough in the prior session.
   
• The Norwegian currency attempted a minor recovery in the prior session after the crude oil prices bounced back from recent lows, supported by rising tensions in the Middle East and output cuts by producing nations.
   
• However, the Norwegian Krone is likely to weaken further as Norway economy took a huge hit from coronavirus outbreak. 
   
• The Norwegian economy contracted 1.9 percent in the first quarter, the biggest drop since the 2008 financial crisis, and is expected to shrink even more in the second quarter. 
   
• USD/NOK trades 0.1 percent up at 10.6400, having touched a high of 10.8059 on Thursday, its highest March 25. 
   
• Immediate resistance is located at 10.7572, and close above could take it till 10.8198.
   
• On the downside, support is around 10.5715, break below could take it till 10.5455 (Fib 32.8%).