Korean Won depreciates against major peers as BoK stands pat
Tuesday, February 16, 2016 5:30 AM UTC
- Pair is currently supported above 1218 levels.
- It made intraday high at 1219.10 and low at 1210.10 levels.
- Today BoK kept the interest rate unchanged at 1.5% as expected by the market.
- Korean won slipped just after the interest rate decision and trading around fresh weekly low.
- A daily close above 1225 will drag the parity towards multiyear high around 1242 and 1277 thereafter.
- Alternatively, reversal from this level will take the parity again around 1010 marks.
- Initial support levels are seen at 1200, 1150 and 1009 thereafter.
- On the top side, resistance levels are seen at 1222, 1242 and 1277 levels.