Published: 2024-12-20T02:32:05.000Z
Chart USD/KRW Update: Consolidating below 1455.00, current year high
Technical Analyst
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Little change, as prices settled back in range from fresh year high at 1455.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | ** | 12 Mar 2009 high | S1 | 1446.00 | * | Oct 2022 year high | |
| R3 | 1488.00 | * | 16 Mar 2009 high | S2 | 1438.00 | * | 9 Dec high | |
| R2 | 1465.00 | * | 11 Mar 2009 low | S3 | 1428.00 | * | 11 Dec low | |
| R1 | 1455.00 | ** | 18 Dec YTD high | S4 | 1411.00 | ** | Nov high |
Asterisk denotes strength of level
02:25 GMT - Little change, as prices settled back in range from fresh year high at 1455.00 to consolidate the bullish run-up from the 1400.00 level and unwind the overbought intraday and daily studies. However, further gains not ruled out and clearance here will see scope for extension to the 1465.00 and 1488.00 resistance from March 2009. Meanwhile, support is raised to the 1446.00/1438.00 area which should underpin and sustain the bullish trend. Below this will ease the upside pressure and see room for deeper pullback to the 1428.00/1420.00 support.