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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
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- The Norwegian Krone plunged to a 1-week low following downbeat inflation data.
- Norway's annual inflation rate declined to 1.6 percent in November from 1.8 percent in the previous month, while annual core consumer prices eased to 2 percent in November, its the lowest core inflation in 13 months.
- USD/NOK trades 0.3 percent higher at 9.1700, having touched a high of 9.1844 earlier, its highest since December 4.
- Momentum indicators are bullish: RSI strong at 53.46 and Stoch are biased higher.
- Immediate resistance is located at 9.1860, and close above could take it till 9.1940.
- On the downside, support is around 9.1280, break below could take it till 9.1130.
Recommendation: Good to buy on dips around 9.1489, with stop loss at 9.1280, and target price of 9.1860.
