USDNOK breaking higher which may test channel resistance.

Despite the divergent RSI the USDNOK looks set to test the channel resistance near the 9.4000 level and possibly the 127% extension at the 9.4528 level. With crude oil weak and the USD strong, the USDNOK seems to have the backdrop to continue the rally. Only a move back below the 9.3000 level would take off the upside pressure.