FxWirePro: USD/NOK finds support at 55-EMA, intraday bias bullish

• The Norwegian Krone nudged lower, extending losses for the fifth straight session.
   
• USD/NOK trades 0.1 percent higher at 9.1500, having touched a high of 9.2127 on Wednesday, its highest since November 4.
   
• Momentum indicators are bullish: RSI strong at 52.64 and Stochs are biased higher.
   
• 55-EMA is now acting as a major support level, a reversal in trend only on break below.
   
• Immediate resistance is located at 9.1659, and close above could take it till 9.1863.
   
• On the downside, support is around 9.1364 (20-EMA), break below could take it till 9.1173 (5-DMA).

Recommendation: Good to buy on dips around 9.1469, with stop loss at 9.1364. and target price of 9.1659.