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- The Norwegian Krone nudged higher, retreating from a near 1-week low hit in the previous session.
- USD/NOK trades 0.3 percent lower at 9.1084, having touched a high of 9.2127 on Wednesday, its highest since November 4.
- Momentum indicators are bearish: RSI weak at 47.07, Stochs are biased lower and MACD supports downside.
- 20-EMA is acting as immediate resistance.
- Next resistance is located at 9.1694, and close above could take it till 9.1863.
- On the downside, support is around 9.0903, break below could take it till 9.0851 (55-EMA).
Recommendation: Good to sell on rallies around 9.1297, with stop loss at 9.1355, and target price of 9.0903.
