FxWirePro: USD/NOK finds major support at 55-EMA, good to buy on dips

• 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.