Published: 2025-04-07T03:02:29.000Z
Chart USD/KRW Update: Rebound return focus to 1477.00, YTD high
Technical Analyst
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Extending rebound from the Friday's 1430.00 low to retrace losses from the 1477.00, January YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1525.00 | * | Nov 2008 year high | S1 | 1460.00 | * | congestion | |
| R3 | 1500.00 | * | figure | S2 | 1450.00 | * | 3 Apr low, congestion | |
| R2 | 1487.00 | ** | 27 Dec 2024 year high | S3 | 1440.00 | * | congestion | |
| R1 | 1477.00 | ** | 2 Jan YTD, Mar highs | S4 | 1430.00 | ** | 4 Apr low |
Asterisk denotes strength of level
02:50 GMT - Extending rebound from the Friday's 1430.00 low to retrace losses from the 1477.00, January YTD high. Focus return to the latter and clearance here will open up room for retest of the 1487.00, December 2024 year high. Would expected to latter to cap while break here will extend the underlying bull trend from the 2014 year low. Meanwhile, support is raised to the 1460.00/1450.00 congestion area which should underpin. Close below these will return focus to the downside for retest of the 1430.00 low then the 1427.00/1425.00, January/February lows.