USDNOK just above the meaningful support
USDNOK: at this point I definitely could not consider the pair bottomed and both scenarios - the Primary and the Alternate - remain on the table.
The simplest count - Alternate 1D - suggests immediate decline to 8.0322 before a major turn to the upside occurs and below 8.4346 that decline remains quite doable.
The Primary count would be confirmed by immediate break through 8.4346 - but below 9.87 is the no man's land where wave (4) (corrective bounce) remains a feasible option; the next confirming signal level is 8.97. The final target for this scenario resides at 7.5581 region.