Published: 2025-04-16T02:47:09.000Z
Chart USD/KRW Update: Consolidating at 1417.00 low, room for lower
Technical Analyst
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Edged up from the 1417.00 low of last week as prices consolidate sharp drop from the 1587.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1460.00 | * | congestion | S1 | 1417.00 | * | 14 Apr low | |
| R3 | 1444.00 | * | 9 Apr low | S2 | 1411.00 | * | Nov high | |
| R2 | 1440.00 | * | congestion | S3 | 1400.00 | ** | April 2024 high | |
| R1 | 1430.00 | * | 4 Apr low | S4 | 1395.00 | ** | Jun high, 50% |
Asterisk denotes strength of level
02:40 GMT - Edged up from the 1417.00 low of last week as prices consolidate sharp drop from the 1587.00 high. Bounce here see prices unwinding the oversold intraday and daily studies with resistance starting at 1430.00. Higher still, will see room to the 1440.00/1444.00 congestion where renewed selling pressure is expected. Meanwhile, break of the February low at 1425.00 and the 1417 low will extend losses from the 1487.00 double top and to retrace strong gains from the September low. Lower will see room to the 1411.00 support and 1400.00 figure.