FxWirePro: USD/NOK off 1-week peak, good to sell on rallies

• The Norwegian Krone rebounded from a 1-week low as the dust settled over downbeat inflation data.
   
• USD/NOK trades 0.2 percent lower at 9.1634, having touched a high of 9.2007 on Tuesday, its highest since December 4.
   
• Momentum indicators are bearish on hourly charts: RSI weak at 43.02, MACD supports downside and Stoch are biased lower. 
   
• Immediate resistance is located at 9.1860, and close above could take it till 9.1940.
   
• On the downside, support is around 9.1523 (21-DMA), break below could take it till 9.1280.

Recommendation: Good to sell on rallies around 9.1764, with stop loss at 9.1860 and target price of 9.1523.