USDNOK made a five-wave bullish impulse from the lows. Ideally as part of first leg (A), which has been followed by a three-wave A-B-C setback in wave (B). Well, now that is breaking back above channel resistance line, seems like wave (C) is already in progress, which can push the price up to 9-10 resistance area before bears show up again.
Elliott Wave Analysis: USDNOK Is Unfolding Three-Wave Correction by ew-forecast on TradingView.com