FxWirePro: USD/NOK rises as Norway posts first monthly trade deficit since 2017, good to buy on dips

• The Norwegian Krone eased, extending previous session losses after Norway reported its first monthly trade deficit in almost two years.
   
• Norway recorded a trade deficit of NOK 1.23 billion in September, compared to a NOK 22.31 billion surplus in the same month the prior year. 
   
• USD/NOK trades 0.2 percent up at 9.1247, having touched a record high of 9.1815 on Thursday.
   
• Momentum indicators are bullish - RSI is strong at 57.64 and Stochs indicates a bullish crossover. 
   
• Immediate resistance is located at 9.1542 and a close above could take it till 9.1615.
   
• On the downside, support is around 9.0904, break below could take it till 9.0814.
   

Recommendation: Good to buy on dips around 9.1055, with stop loss at 9.0904 and target price of 9.1482/ 9.1542.