FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 
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FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report 
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision 
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FxWirePro: USD/CAD hits two-month low as oil prices rise 
FxWirePro:' USD/CAD faces downside risk below 1.4000 
FxWirePro: GBP/AUD risks tilt further to the downside 
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop 
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish 
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data 
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data 
FxWirePro: EUR/AUD bears maintain upper hand 
FxWirePro: GBP/AUD edges higher but bulls lack punch 
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish 
FxWirePro: AUD/USD range bound ahead of RBA policy decision 
- USD/KRW is currently trading around 1144 levels.
- It made intraday high at 1145 and low at 1143 levels.
- Pair hits fresh 4 –month low at 1136 and remains supported well below 1153 marks.
- Today South Korea released trade balance data with positive numbers at 9.80B m/m vs 7.40B m/m previous release.
- South Korea’s exports rose to -8.2% vs -12.2% m/m previous release while imports fell to -13.8% m/m vs -14.6% m/m previous release.
- Intraday bias remains bearish for the moment.
- A daily close below 1142 will tests key supports at 1129/1122 marks respectively.
- On the other side, reversal from key support 1142 targets key resistances at 1153/1172/1180/1193 marks.
- Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend.
- Later today, US will release NFP job data results. This will provide further directions to the parity.
We prefer to take short position in USD/KRW around 1145, stop loss 1155 and target 1129/1122 levels.
