- The Norwegian Krone surged, extending previous session gains as investors continued to digest better-than-expected consumer confidence figures.
- USD/NOK trades 0.3 percent lower at 9.2160, having touched a record high of 9.3057 on Monday.
- Momentum indicators are bearish on hourly charts: RSI weak at 29.52, Stochs are biased lower and MACD supports downside.
- Immediate resistance is located at 9.2680, and close above could take it till 9.2989.
- On the downside, support is around 9.1976, break below could take it till 9.1824.
Recommendation: Good to sell on rallies around 9.2380, with stop loss at 9.2489 and target price of 9.1976.
