Thursday, October 15, 2026

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Korean won falls against US dollar on the back of higher unemployment rate

USD/KRW is currently trading around 1194 levels. Today Korea released Unemployment rate with negative numbers at 4.1% m/m vs 3.5% previous release. Intraday bias remains slightly bullish for the moment. On the top side, …

By Cynthia Firey Eakin
1 min read
Korean won falls against US dollar on the back of higher unemployment rate
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  • USD/KRW is currently trading around 1194 levels.
     
  • Today Korea released Unemployment rate with negative numbers at 4.1% m/m vs 3.5% previous release.
     
  • Intraday bias remains slightly bullish for the moment.
     
  • On the top side, key resistance falls at 1201/1210 levels.
     
  • Alternatively, reversal from key resistance will drag the parity down around 1180 marks.
     
  • Key support levels are seen at 1180, 1174 and 1166 levels thereafter.

We prefer to take long position in USD/KRW around 1190, stop loss 1186 and target 1210/ 1217 marks.

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