Published: 2025-10-23T02:53:55.000Z
Chart USD/KRW Update: Extending gains
1
Consolidation at the 1430.00 level has given way to extension to retest the 1435.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1450.00 | * | congestion | S1 | 1415.00 | * | 16 Oct low | |
| R3 | 1446.00 | * | 28 Apr high | S2 | 1406.00 | * | Aug high | |
| R2 | 1440.00 | * | congestion | S3 | 1400.00 | * | congestion | |
| R1 | 1435.00 | ** | 14 Oct high | S4 | 1390.00 | * | 22 Sep low, congestion |
Asterisk denotes strength of level
02:50 GMT - Consolidation at the 1430.00 level has given way to extension to retest the 1435.00 high. Positive daily studies suggest scope for break here to further extend gains from the 1348.00 June current year low and retrace losses from the April high. Higher will see room for extension to 1440.00 congestion and 1446.00 resistance. Meanwhile, support is raised to the 1420.00/1415.00 congestion and low of last week which is expected to underpin and sustain the broader gains from 1372.00, September low.