Friday, October 16, 2026

Technicals

Add as a preferred source on Google

FxWirePro: USD/KRW fails to find support above 1170, good to sell on rallies

USD/KRW is currently trading around 1165 levels. Intraday bias remains bearish till the time pair holds key resistance at 1172 levels. A daily close above 1172 will drag the parity up towards key resistances at 1180/1193…

By Cynthia Firey Eakin
1 min read
FxWirePro: USD/KRW fails to find support above 1170, good to sell on rallies
Image from the original EconoTimes article

Read the original article

  • USD/KRW is currently trading around 1165 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1172 levels.
     
  • A daily close above 1172 will drag the parity up towards key resistances at 1180/1193 marks.
     
  • A sustained close below 1162 will test key supports at 1153/1142/1134/1127/1121/1115 levels respectively.

We prefer to take short position in USD/KRW around 1168, stop loss 1172 and target 1153/1142.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team