Published: 2025-03-26T02:38:38.000Z
Chart USD/KRW Update: Consolidating test of 1472.00 resistance
Technical Analyst
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Little change, as prices settled back in consolidation from test of the 1472.00, February high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1487.00 | ** | 27 Dec 2024 year high | S1 | 1460.00 | * | congestion | |
| R3 | 1477.00 | * | 2 Jan YTD high | S2 | 1450.00 | ** | congestion | |
| R2 | 1474.00 | * | 10 Jan high | S3 | 1440.00 | ** | congestion | |
| R1 | 1472.00 | ** | 3 Feb high | S4 | 1427/1425 | ** | Jan low, 24 Feb YTD low |
Asterisk denotes strength of level
02:35 GMT - Little change, as prices settled back in consolidation from test of the 1472.00, February high. Break here, will turn focus to the 1474.00/1477.00 highs. Gains beyond this, but not expected, will return focus to the 1487.00, December 2024 year high. Corrective gains are expected to give way to fresh selling pressure later and see support raised to the 1460.00 congestion. Below this will fade the upside pressure and see return to the 1450.00/1440.00 support. Break here will open up the critical 1427.00 and 1425.00, January/February lows to retest.