Published: 2025-04-17T02:38:33.000Z
Chart USD/KRW Update: Consolidating above 1411.00 support
Technical Analyst
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Break to fresh low has seen losses to approach the 1411.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1444.00 | * | 9 Apr low | S1 | 1411.00 | * | Nov high | |
| R3 | 1440.00 | * | congestion | S2 | 1400.00 | ** | Apr 2024 high | |
| R2 | 1430.00 | * | 4 Apr low | S3 | 1395.00 | ** | Jun high, 50% | |
| R1 | 1425.00 | ** | Feb low | S4 | 1388.00 | * | 18 Nov low |
Asterisk denotes strength of level
02:30 GMT - Break to fresh low has seen losses to approach the 1411.00 support. Consolidation here see prices unwinding the oversold intraday and daily studies following steep drop from the 1487.00 resistance. Bounce see resistance at 1425.00/1430.00 area which is expected to cap. Clearance here, will see room for stronger bounce to the 1440.00/1444.00 congestion. Correction is expected to give way to renewed selling pressure later. Break of the 1411.00 support will further retrace strong gains from the September low and see room to the 1411.00 support and 1400.00 figure.