USD/KRW is currently trading around 1,182 levels. It made intraday high at 1,184 and low at 1,181 marks. Intraday bias remains bullish till the time pair holds key support at 1,171 levels. A daily close above 1,182 will …
It made intraday high at 1,184 and low at 1,181 marks.
Intraday bias remains bullish till the time pair holds key support at 1,171 levels.
A daily close above 1,182 will drag the parity higher towards key resistances at 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 1,172 will test key supports at 1,152/1,146/1,132/1,127/1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.
South Korea’s Kospi was trading 0.83 percent lower at 1,971.36 points.
We prefer to go long on USD/KRW above 1,182, stop loss at 1,172 and target of 1,196.
