Published: 2026-03-02T02:53:07.000Z
Chart USD/KRW Update: Extending bounce from 1420.00
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Sharply higher to extend bounce from support at 1420.00 low to reach resistance at 1453.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1481.00 | ** | 21 Jan high | S1 | 1440.00 | * | congestion | |
| R3 | 1472.00 | ** | 5 Feb high | S2 | 1430.00 | * | Dec low | |
| R2 | 1460.00 | * | congestion | S3 | 1420.00 | ** | 26 Feb YTD low | |
| R1 | 1453.00 | * | 19 Feb high | S4 | 1415.00 | * | 16 Oct low, 50% |
Asterisk denotes strength of level
02:45 GMT - Sharply higher to extend bounce from support at 1420.00 low to reach resistance at 1453.00 as prices extend choppy trade within the broad 1480.00/1420.00 area. Prices have turned up to unwind oversold daily studies and higher will see room for extension to 1460.00 congestion. Beyond this will see scope for gains to strong resistance at 1472.00, 5 February high. Meanwhile, support is raised to 1440.00 congestion which should underpin and sustain bounce from the 1420.00 low.