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Published: 2025-12-11T02:51:13.000Z

Chart USD/KRW Update: Leaning lower from the 1475.00 resistance

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Leaning lower in consolidation below the 1475.00 resistance

 LevelsImpComment  LevelsImpComment
R41500.00*figure S11460.00*congestion                   
R31487.00**9 Apr YTD high          S21448.00**14 Nov low
R21480.00**24 Nov high S31440.00**congestion          
R11475.00*13 Nov high S41435.00*14 Oct high

Asterisk denotes strength of level

02:50 GMT - Leaning lower in consolidation below the 1475.00 resistance but the downside still limited. Would take break of support at the 1460.00 congestion to open up to strong support at the 1450.00/1448.00 congestion area. Break here will confirm a top pattern at the 1480.00 high and see deeper pullback to retrace gains from the June YTD low. Meanwhile, resistance is lowered to the 1470.00/1475.00 area which is expected to cap. Would take break here to expose the 1480.00 high to retest and further extend gains from the June low to the 1487.00, April YTD high.

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Topics
USD/KRW-TA
EM-Technical
Technical Analysis

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