Published: 2025-03-20T02:27:23.000Z
Chart USD/KRW Update: Higher in choppy trade to retest 1460.00/1464.00
Technical Analyst
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Extending bounce from the 1440.00 support to retest strong resistance at the 1460.00/1464.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1477.00 | * | 2 Jan YTD high | S1 | 1450.00 | * | congestion | |
| R3 | 1474.00 | * | 10 Jan high | S2 | 1440.00 | ** | congestion | |
| R2 | 1472.00 | ** | 3 Feb high | S3 | 1427.00 | * | Jan low | |
| R1 | 1464.00 | ** | 28 Feb high | S4 | 1425 | ** | 24 Feb YTD low |
Asterisk denotes strength of level
02:20 GMT - Extending bounce from the 1440.00 support to retest strong resistance at the 1460.00/1464.00 which is expected to cap. Clearance, if seen, will open up room for retest of the February high at 1472.00. However, gains are seen corrective and lower high sought to further pressure the downside later with support raised to the 1450.00 congestion. Break here will see return to the 1440.00 support and where break will open up the 1427.00 and 1425.00, January/February lows to retest. Below these will see deeper pullback to retrace the September/December rally and see room to 1417.00, 38.2% Fibonacci level.