Currently, there's a bounce, so likely for price to test the UML and then gradually drag along.
This could be a long term trade, so set it and forget it. Fundamentally, NOK is stronger compared to the USD. No . Higher Interest rates and a modestly recovering economy. Unemp. rate in Norway sits within 3.6 - 3.3 band (currently at 3.5% unch)
Only risk to NOK is the reducing investments in its oil fund, but in comparison the effects of that to the trade duration is negligible.