Published: 2026-03-13T02:55:48.000Z
Chart USD/KRW Update: Extending gains
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Consolidation within the 1460.00/1487.00 range area has given way to break to extend bounce from the 1420.00, February low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1520.00 | * | congestion | S1 | 1480.00 | * | congestion | |
| R3 | 1518.00 | ** | 2008 year high | S2 | 1472.00 | ** | Feb high | |
| R2 | 1506.00 | ** | 3 Mar YTD high | S3 | 1460.00 | * | congestion | |
| R1 | 1500.00 | * | figure | S4 | 1450.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Consolidation within the 1460.00/1487.00 range area has given way to break to extend bounce from the 1420.00, February low. Focus return to the 1506.00 spike high with positive daily and weekly studies suggesting scope for break here to extend the broad underlying bull trend from the 2014 year low and see room for extension to retest the 2008 year high at 1518.00 and 1520.00 congestion. Meanwhile, support is raised to the 1480.00/1472.00 congestion and February high which should underpin and sustain bounce from the 1421.00/1420.00, February/January double bottom.