The US Dollar tops the 'Gainers' board with +1.5% against the Norwegian Krona. The rate has strongly extended the uptrend from the May floor at NK5.8491 to challenge the 2010 peak at NK6.7281. A breakout will have the US currency heading back to the 2008/2009 top formation, which stretches up to NK7.3145.
We continue to hold a long trade in the pairing. In view of the now overbought RSI indicator, the stop is tightened to NK6.6300, thereby locking in a profit.