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Published: 2026-04-17T02:41:23.000Z

Chart USD/KRW Update: Higher in consolidation

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Turned up from test of the 1472.00/1465.00 support and 61.8% Fibonacci level

 LevelsImpComment  LevelsImpComment
R41510.00*congestion S11472.00*5 Feb high
R31500.00**congestion S21465.00*61.8% Feb/Mar rally
R21487.00**2024/2025 yr highs S31460.00*congestion
R11480.00*congestion S41450.00*congestion

Asterisk denotes strength of level

02:35 GMT - Turned up from test of the 1472.00/1465.00 support and 61.8% Fibonacci level as prices consolidate losses from the 1537.00, March spike high. Bounce see prices unwinding oversold intraday and daily stuides with resistance starting at the 1480.00/1487.00 congestion and 2024/2025 year highs then the 1500.00 level which is expected to cap. Consolidation seen giving way to renewed selling pressure later retrace gains from the 1420.00, January/February lows. Lower will see room to 1465.00, 61.8% Fibonacci retracement then the 1460.00/1450.00 congestion.

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Topics
USD/KRW-TA
EM-Technical
Technical Analysis

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