Holding above 7.7100 is the main requirement for this scenario, as a breakout and daily closing below it will confirm the pattern breakout. In that case, shorting with targets at 7.5000 and 7.3115 is the preferred choice..
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NOK is the cheapest G10 ccy, while Norway is one of the real AAA rated countries left in the word.
Also if Oil breaks this horizontal range, NOK will get support again.
I don't say short NOK trades can not work, but this is not a good risk-reward trade here. Especially not against USD.