FxWirePro: USD/NOK plunges from all-time peak, major support at 20-EMA

• The Norwegian Krone rose, extending previous session gains following yesterday's better-than-expected inflation data.  
   
• On Thursday, the pair rose to an all-time high of 9.1815 but closed lower at 9.1222, 0.54 down for the day. 
   
• Major support 10-DMA has turned into a resistance level. 
   
• USD/NOK trades 0.3 percent down at 9.0987, having touched a record high of 9.1815 the day before.
   
• Momentum indicators are bearish - Stochs are biased lower and MACD supports downside.
   
• Immediate resistance is located at 9.1437 and a close above could take it till 9.1615.
   
• On the downside, support is around 9.0793 (20-EMA), break below could take it till 9.0559 (21-DMA).

Recommendation: Good to sell on rallies around 9.1114, with stop loss at 9.1354 and target price of 9.0793