Published: 2025-03-28T02:43:21.000Z
Chart USD/KRW Update: Extend consolidation below 1472.00 resistance
Technical Analyst
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Little change, as prices extend consolidation below 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
02:40 GMT - Little change, as prices extend consolidation below the 1472.00, February high. The daily studies are overbought and suggest scope for pullback here to retrace gains from above the 1440.00 congestion. Break of the 1460.00 support will see scope for pullback to retest the 1450.00/1440.00 support. Below the latter will return focus to the critical 1427.00 and 1425.00, January/February lows. Meanwhile, 1472.00 resistance is expected to cap. Clearance, but not expected, will turn focus to the 1474.00/1477.00 highs and the 1487.00, December 2024 year high.