• The Norwegian Krone rallied, extending gains for the third straight session as Norges bank pledged to intervene in currency markets. 
   
• Norway's central bank sent a warning to markets, threatening to in intervene in currency markets for the first time in two decades if the panic selling continued. 
   
• USD/NOK trades 1.5 percent lower at 10.8822, having touched an all-time high of 12.1224 on Thursday. 
   
• The pair continues its bearish run and is likely to break below 10-DMA.
   
• Momentum indicators are bearish: RSI has rolled over from overbought levels and Stochs are biased lower. 
   
• Immediate resistance is located at 11.1552, and close above could take it till 11.2826. 
   
• On the downside, support is around 10.7588, break below could take it till 10.6370 (50% Fib).