• The Norwegian Krone surged as the greenback eased against a basket of currencies and crude oil prices erased early session losses. 
   
• Crude oil prices nudged up as oil demand improved after countries across the globe eased lockdown measures. 
   
• Moreover, a recent report that major global producers extended an unprecedented 9.7 million barrels per day supply cut agreement into July further supported prices.
   
• USD/NOK trades 0.3 percent lower at 9.6735, having touched a high of 9.7537 on Friday, its highest June 15. 
   
• Major resistance 55-EMA at 9.8002. 
   
• Immediate resistance is located at 9.7579, close above could take it till 9.7801.
   
• On the downside, support is around 9.6214 (20-EMA), break below could take it till 9.5894 (10-DMA).