FxWirePro: USD/NOK near 1-week peak, jump till 9.2100 likely

• The Norwegian Krone plunged to a near 1-week low as investors cautiously awaited manufacturing production and industrial production data.
   
• On Monday, the pair fell as low as 9.0749 but found strong support at 55-EMA. 
   
• USD/NOK trades 0.2 percent up at 9.1854, having touched a low of 9.0749 on Monday, its lowest since October 11.
   
• Momentum indicators are bullish: RSI strong at 56.10 and Stochs are biased higher. 
   
• Immediate resistance is located at 9.2100 and a close above could take it till 9.2581 (78.6% retracement of 9.3052 and 9.0749).
   
• On the downside, support is around 9.1578 (7-EMA), break below could take it till 9.1452 (20-EMA).

Recommendation: Good to buy on dips around 9.1721, with stop loss at 9.1578 and target price of 9.2100