Published: 2026-02-27T02:48:05.000Z
Chart USD/KRW Update: Extend corrective bounce from 1420.00
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Extending bounce from support at 1421.00/1420.00 lows as prices unwind oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1472.00 | ** | 5 Feb high | S1 | 1430.00 | * | Dec low | |
| R3 | 1460.00 | * | congestion | S2 | 1420.00 | ** | 26 Feb YTD low | |
| R2 | 1453.00 | ** | 19 Feb high | S3 | 1415.00 | * | 16 Oct low, 50% | |
| R1 | 1440.00 | * | congestion | S4 | 1410.00 | * | congestion |
Asterisk denotes strength of level
02:40 GMT - Extending bounce from support at 1421.00/1420.00 lows as prices unwind oversold intraday and daily studies. Bounce see prices consolidating losses from the February high at 1472.00 to reach resistance at 1440.00. Higher still will see room to the 1450.00/1453.00 resistance with corrective gains expected to give way to renewed selling pressure later. Break of the 1420.00 low will extend the December losses and see extension to 1415.00 support and 50% Fibonacci level. Lower still, will see room for extension to the 1410.00/1400.00 area.