Friday, October 16, 2026

Technicals

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Korean Won depreciates against major peers as BoK stands pat

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 i…

By Earlence Fernandes
1 min read
Korean Won depreciates against major peers as BoK stands pat
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  • 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.

 

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