Published: 2025-03-07T02:34:53.000Z
Chart USD/KRW Update: Consolidating at 1440.00 support, room for break later
Technical Analyst
-
Steadied at the 1440.00 support as prices consolidate pullback from the 1464.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1477.00 | ** | 2 Jan YTD high | S1 | 1440.00 | * | congestion | |
| R3 | 1472.00 | ** | 3 Feb high | S2 | 1427.00 | * | Jan low | |
| R2 | 1464.00 | ** | 28 Feb high | S3 | 1425.00 | ** | 24 Feb YTD low | |
| R1 | 1455.00 | * | 18 Dec high | S4 | 1417.00 | * | 38.2% Sep/Dec rally |
Asterisk denotes strength of level
02:30 GMT - Steadied at the 1440.00 support as prices consolidate pullback from the 1464.00 high. Consolidation here see prices unwinding oversold intraday studies but the falling daily studies suggest break lower later to open up the 1427.00/1425.00, January/February lows to retest. Break of the latter will extend the broader losses from the January high to retrace gains from the September low. Meanwhile, resistance is lowered to 1455.00 and this should cap corrective bounce and sustain losses from the 1464.00, lower high.