Chart USD/KRW Update: Extend corrective bounce from 1440.00 low
Higher within the wide 6 May range as prices extend bounce from the 1440.00 low and channel support from the June 2025 year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | congestion | S1 | 1455.00 | * | Apr low | |
| R3 | 1492.00 | ** | 29 Apr high | S2 | 1440.00 | ** | congestion | |
| R2 | 1480.00 | * | congestion | S3 | 1430.00 | * | Dec low | |
| R1 | 1475.00 | * | 6 May high | S4 | 1420.00 | ** | 26 Feb YTD low |
Asterisk denotes strength of level
02:30 GMT - Higher within the wide 6 May range as prices extend bounce from the 1440.00 low and channel support from the June 2025 year low. Above the 1470.00 level see room for stronger gains to resistance at the 1475.00 high and 1480.00 congestion which is expected to cap. Lower high sought to further pressure the downside later with support raised to the 1460.00/55 congestion and April low. Below this will return focus to the downside for retest of the 1440.00 low and see scope to extend losses from the March current year high. Lower will see room to 1430.00 December low and 1420.00, 26 February current year low.