Published: 2025-03-17T02:31:40.000Z
Chart USD/KRW Update: Leaning lower, room to retest 1440.00 support
Technical Analyst
1
Leaning lower from test of the 1460.00 resistance as the negative daily studies weighs
| 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
02:25 GMT - Leaning lower from test of the 1460.00 resistance as the negative daily studies weighs. Below the 1450.00 congestion will open up room for retest of the 1440.00 support. Break here 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 and see room to 1417.00, 38.2% Fibonacci level. Meanwhile, resistance at the 1460.00/1464.00 area expected to cap and sustain losses from the 1487.00, December 2024 year high.