Published: 2025-03-19T02:27:19.000Z
Chart USD/KRW Update: Extend choppy trade around 1450.00
Technical Analyst
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Little change, as prices extend choppy trade around the 1450.00 congestion following bounce above the 1440.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1474.00 | * | 10 Jan high | S1 | 1440.00 | ** | congestion | |
| R3 | 1472.00 | ** | 3 Feb high | S2 | 1427.00 | * | Jan low | |
| R2 | 1464.00 | ** | 28 Feb high | S3 | 1425.00 | ** | 24 Feb YTD low | |
| R1 | 1460.00 | * | congestion | S4 | 1417.00 | * | 38.2% Sep/Dec rally |
Asterisk denotes strength of level
02:15 GMT - Little change, as prices extend choppy trade around the 1450.00 congestion following bounce above the 1440.00 support. However, lower highs from the 1464.00 high of 28 February suggest scope for break of the 1440.00 support to open up the 1427.00 and 1425.00, January/February lows to retest. Below these will extend the broader losses from the December high to retrace rally from the September low and see room to 1417.00, 38.2% Fibonacci level. Meanwhile, resistance remains at the 1460.00/1464.00 area and this is expected to cap.