• The Norwegian Krone rallied to a 3-week peak following better than expected economic data.
  
• Norway's industrial production surged 5.4 percent year-on-year in February, following a 0.3 percent expansion in the previous month, its third straight yearly increase and the most since September 2017.
  
• Separate data showed manufacturing production increased 0.60 percent in February of 2020 over the same month in the previous year.
  
• The Norwegian currency further extended gains after Norway's government said it considered the coronavirus outbreak to be under control in the country.
  
• It said the number of new people infected by each patient with the virus, had fallen to 0.7, down from 2.5 when containment measures were introduced in mid-March.
  
• USD/NOK trades 1.7 percent lower at 10.2540, having touched an all-time high of 12.1224 last month.
  
• Momentum indicators are bearish on hourly charts.
  
• Immediate resistance is located at 10.5033 (7-EMA), and close above could take it till 10.5336.
  
• On the downside, support is around 10.1570, break below could take it till 10.1268.