• The Norwegian Krone rose, extending gains for the fifth straight sessions following the release of upbeat economic data.
   
• Norway's trade deficit narrowed to NOK 1.8 billion in July from NOK 10.4 billion deficit in the previous month. 
   
• Moreover, weakness in the U.S. dollar also supported the upside in the Norwegian currency. 
   
• USD/NOK trades 0.1 percent lower at 8.8662, having touched a low of 8.8528 on Thursday, its lowest since mid Janunary. 
   
• On Friday, the pair attempted a minor recovery but found strong resistance at 7-EMA to close lower at 8.8778. 
   
• Immediate resistance is located at 8.9119, close above could take it till 8.9491 (7-EMA).
   
• On the downside, support is around 8.8430, break below could take it till 8.8204.