- USD/KRW is currently trading around 1,095 levels.
- It made intraday high at 1,097 and low at 1,092 marks.
- Intraday bias remains bullish till the time pair holds key support at 1,089 levels.
- A daily close above 1,107 will drag the parity higher towards key resistances at 1,112, 1,125, 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
- On the other side, a sustained close below 1,089 will test key supports at 1,078/1,063/1,044 levels respectively.
- In addition, South Korea’s Kospi was trading around 0.76 percent higher at 2,068.52 points.
- South Korea’s September consumer sentiment index decreases to 101.7 vs previous 101.8 (revised from 102).
We prefer to go long on USD/KRW around 1,094 with stop loss at 1,089 and target of 1,102/1,109.
