Published: 2025-10-29T02:47:42.000Z
Chart USD/KRW Update: Leaning lower in choppy trade
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Leaning lower in choppy trade from resistance at the 1440.00 congestion as daily studies unwind overbought readings
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1450.00 | * | congestion | S1 | 1425.00 | * | congestion | |
| R3 | 1446.00 | ** | 28 Apr, 2022 year highs | S2 | 1415.00 | ** | 16 Oct low | |
| R2 | 1440.00 | * | congestion | S3 | 1406.00 | ** | Aug high | |
| R1 | 1435.00 | 14 Oct high | S4 | 1400.00 | * | congestion |
Asterisk denotes strength of level
02:40 GMT - Leaning lower in choppy trade from resistance at the 1440.00 congestion as daily studies unwind overbought readings. The weekly studies are overbought as well and threatens deeper pullback to retrace strong gains from the 1372.00, September low. Would take break of support at 1425.00 to open up room to the 1420.00/1415.00, congestion and 16 October low. Below here will turn focus to strong support at 1406.00, August high. Meanwhile, resistance is lowered to 1435.00. Clearance will expose the 1440.00to retest.