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- The Norwegian Krone eased after gaining as much as 0.7 percent in the previous session.
- USD/NOK trades 0.3 percent up at 9.1264, having touched a high of 9.2041 on Wednesday, its highest since October 31.
- On Thursday, the pair fell as low as 9.0788 but found strong support at 55-EMA.
- Momentum indicators are bullish: RSI strong at 50.4 and Stochs indicate a bullish crossover.
- Immediate resistance is located at 9.1499 (21-DMA) and close above could take it till 9.1675 (10-DMA).
- On the downside, support is around 9.0930, break below could take it till 9.0672 (55-EMA).
Recommendation: Good to buy on dips around 9.1152, with stop loss at 9.0930, and target price of 9.1499.
