Published: 2025-03-13T02:36:58.000Z
Chart USD/KRW Update: Consolidating, room for lower later
Technical Analyst
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Little change, as prices extend consolidation at the 1450.00 congestion following pullback from test of the 1460.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1477.00 | ** | 2 Jan YTD high | S1 | 1450.00 | * | congestion | |
| R3 | 1472.00 | ** | 3 Feb high | S2 | 1440.00 | ** | congestion | |
| R2 | 1464.00 | ** | 28 Feb high | S3 | 1427.00 | * | Jan low | |
| R1 | 1460.00 | * | congestion | S4 | 1425.00 | ** | 24 Feb YTD low |
Asterisk denotes strength of level
02:30 GMT - Little change, as prices extend consolidation at the 1450.00 congestion following pullback from test of the 1460.00 resistance. While the latter caps, scope is seen for pullback to retest the 1440.00 support. Break here will open up the 1427.00 and 1425.00, January/February lows to retest. Below these will extend the broader pullback from the December high to retrace rally from the September low. Meanwhile, resistance at the 1460.00/1464.00 highs now expected to cap and sustain bearish structure from the 1487.00, December high.