Published: 2026-07-31T03:06:58.000Z
Chart USD/KRW Update: Consolidating retest of 1420.00 low
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Retest of the 1420.00 February current year low has given way to bounce as prices consolidate sharp losses from the 1560.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1465.00 | * | channel break | S1 | 1420.00 | ** | 26 Feb YTD low | |
| R3 | 1460.00 | * | congestion | S2 | 1415.00 | * | 16 Oct 2025 low | |
| R2 | 1450.00 | * | congestion | S3 | 1406.00 | * | 1 Aug 2025 high | |
| R1 | 1440.00 | ** | May low | S4 | 1400.00 | ** | congestion |
Asterisk denotes strength of level
03:00 GMT - Retest of the 1420.00 February current year low has given way to bounce as prices consolidate sharp losses from the 1560.00 high. Daily studies have turned up to unwind oversold readings and above the 1430.00 congestion see room for stronger bounce to resistance at the 1440.00, May low. Gains above here will open up room for stronger correction to the1450.00/1460.00 congestion and 1465.00 previous channel support. Lower high sought to further pressure the downside later to retrace strong gains from the June 2025 year low.