Published: 2026-07-07T02:27:14.000Z
Chart USD/KRW Update: Extending losses
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Consolidation above 1530.00 has given way to break to extend losses last week from the 1560.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1570.00 | * | congestion from Mar 2009 | S1 | 1520.00 | ** | congestion | |
| R3 | 1560.00 | ** | 5 Jun YTD high | S2 | 1505.00 | ** | 15 Jun low | |
| R2 | 1550.00 | * | congestion | S3 | 1500.00 | figure | ||
| R1 | 1540.00 | congestion | S4 | 1490.00 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Consolidation above 1530.00 has given way to break to extend losses last week from the 1560.00 resistance. Negative daily keep pressure on the downside and lower will see room to support at the 1520.00 congestion. Break here will turn focus to the 1500.00 level then the strong support at the 1505.00 mid-June low. Below here will confirm a double top at the June/July highs and see deeper pullback to retrace strong gains from the 1440.00 May low. Meanwhile, resistance is lowered to the 1540.00 congestion which is expected to cap and sustain losses from the 1560.00 June current year high.