• The Norwegian Krone plunged to a near 1-week low as oil prices fell and the dollar surged across the board.
   
• Investors seem to have ignored better than expected Norway's manufacturing PMI figures. 
   
• Norway's manufacturing PMI increased to 42 points in April from 41.40 points in March of 2020.
   
• Crude oil prices declined on worries a global oil glut may persist amid slumping demand and U.S.-China trade tensions that could restrict an economic recovery. 
   
• Last week, the pair slumped to an over 2-week low but found strong support at 55-EMA. 
   
• USD/NOK trades 0.7 percent up at 10.3942, having touched a low of 10.2037 on Thursday, its lowest April 14. 
   
• Immediate resistance is located at 10.4827 (10-DMA) and close above could take it till 10.5048.
   
• On the downside, support is around 10.2820, break below could take it till 10.2402.