Chart USD/KRW Update: Consolidating losses to 1440.00 support
Consolidation around the 1470.00 congestion has given way to selling pressure through the 1460.00/1455.00 support to reach the 1440.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1492.00 | ** | 29 Apr high | S1 | 1440.00 | ** | congestion | |
| R3 | 1480.00 | * | congestion | S2 | 1430.00 | * | Dec low | |
| R2 | 1470.00 | * | congestion | S3 | 1420.00 | ** | 26 Feb YTD low | |
| R1 | 1460.00 | * | congestion | S4 | 1415.00 | 16 Oct low |
Asterisk denotes strength of level
02:40 GMT - Consolidation around the 1470.00 congestion has given way to selling pressure through the 1460.00/1455.00 support to reach the 1440.00 support. This is also channel support from the June 2025 year low but consolidation here is expected to give way to renewed selling pressure later. Below this will further extend losses from the March current year high and see room to 1430.00 December low and 1420.00, 26 February current year low. Meanwhile, resistance is lowered to the 1455.00/1460.00 April low and congestion area which is expected to cap corrective bounce.