In a daily graph the USD/NOK currency pair formed a Bullish Engulfing which indicates upside movement.
This candlestick combination was formed amid a rollback off the 5.6271 level which could not have been broken before. Nevertheless, the downside movement was stopped near 5.3500. Further the bulls started to increase their influence.
Break of the resistance level 5.6271 will mean that this point of view is right. In this case we should expect further upside movement up to the resistance level 5.7217 with next target at 5.8824.
However, it is worth mentioning that the support level 5.2146 is broken, long positions should be closed as it will lead to a decline to 5.1172.
