Published: 2025-08-26T02:35:45.000Z
Chart USD/KRW Update: Consolidating
Technical Analyst
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Higher in range from test of the 1380.00 support as prices consolidate pullback from above the 1400.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1406.00 | ** | 1 Aug high | S1 | 1380.00 | * | congestion | |
| R3 | 1400.00 | * | Apr 2024 high | S2 | 1375.00 | ** | 13 Aug low | |
| R2 | 1395.00 | * | Jun 2024 high | S3 | 1370.00 | * | congestion | |
| R1 | 1390.00 | * | congestion | S4 | 1365.00 | * | 5 May low |
Asterisk denotes strength of level
02:30 GMT - Higher in range from test of the 1380.00 support as prices consolidate pullback from above the 1400.00 level. Negative daily studies suggest consolidation giving way to renewed selling pressure later and break here will open up room for retest of support at 1375.00. Below this will see room for deeper pullback to the 1370.00 level then the 1365.00/1360.00, May lows. Meanwhile, resistance at the 1395.00/1400.00, June/April 2024 highs, are expected to cap.