• The Norwegian Krone surged, extending gains for the third straight session. 
   
• The Norwegian currency strengthened as the greenback eased to a 1-week low after some analysts stated that the greenback is likely to fall in the long term because the Fed has eased monetary policy more aggressively than other central banks.
   
• Last week the pair rallied to a near 1-month peak on data showing the Norwegian economy contracted 1.9 percent in the first quarter, the biggest drop since the 2008 financial crisis.
   
• USD/NOK trades 0.5 percent down at 10.5435, having touched a high of 10.8059 on Thursday, its highest March 25. 
   
• Immediate resistance is located at 10.6890, and close above could take it till 10.7198.
   
• On the downside, support is around 10.5156, break below could take it till 10.4910 (20-DMA).