Published: 2025-03-14T02:21:32.000Z
Chart USD/KRW Update: Drifting narrowly in consolidation
Technical Analyst
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Little change, as prices extend consolidation within the 1460.00/1450.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1477.00 | ** | 2 Jan YTD high | S1 | 1450.00 | * | congestion | |
| R3 | 1472.00 | ** | 3 Feb high | S2 | 1440.00 | ** | congestion | |
| R2 | 1464.00 | ** | 28 Feb high | S3 | 1427.00 | * | Jan low | |
| R1 | 1460.00 | * | congestion | S4 | 1425.00 | ** | 24 Feb YTD low |
Asterisk denotes strength of level
02:15 GMT - Little change, as prices extend consolidation within the 1460.00/1450.00 area. Mixed daily studies suggest further ranging action below the 1460.00/1464.00 resistance which is expected to cap. Clearance here will set up scope for retest of the 1472.00/1477.00, February/January highs. Lower high sought to pressure the downside later and break of the 1440.00 support will open up the 1427.00 and 1425.00, January/February lows to retest. Below these will extend the broader losses from the December high to retrace rally from the September low.