Published: 2026-06-17T02:19:31.000Z
Chart USD/KRW Update: Consolidating, but room for lower
-
Little change, as prices steadied above the 1505.00 low to consolidate sharp drop from the 1560.00 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1570.00 | * | congestion from Mar 2009 | S1 | 1500.00 | ** | congestion, 50% | |
| R3 | 1560.00 | ** | 5 Jun YTD high | S2 | 1490.00 | * | congestion | |
| R2 | 1537.00 | ** | Mar high | S3 | 1486.00 | * | 61.8% May/Jun rally | |
| R1 | 1520.00 | * | congestion | S4 | 1480.00 | ** | Jan high, congestion |
Asterisk denotes strength of level
02:15 GMT - Little change, as prices steadied above the 1505.00 low to consolidate sharp drop from the 1560.00 high of last week. However, negative daily and overbought weekly studies keep pressure on the downside and suggest room to further retrace strong gains from the 1440.00 May low. Lower will see room to strong support at 1500.00/1490.00 congestion area and 50% Fibonacci level. Below this will see scope to 1486.00, 61.8% Fibonacci level. Meanwhile, resistance remains at 1520.00 congestion which is expected to cap and sustain losses from 1560.00 high.