Technicals

Add as a preferred source on Google

USD/KRW hits fresh 2- month low, likely to test 1162 mark

USD/KRW is currently trading around 1174 levels. It made intraday high at 1177 and low at 1173 levels. Intraday bias remains bearish for the moment. Pair breaks key support at 1180 mark and hits fresh 2 month low at 1173…

1 min read
USD/KRW hits fresh 2- month low, likely to test 1162 mark
Image from the original EconoTimes article

Read the original article

  • USD/KRW is currently trading around 1174 levels.
     
  • It made intraday high at 1177 and low at 1173 levels.
     
  • Intraday bias remains bearish for the moment.
     
  • Pair breaks key support at 1180 mark and hits fresh 2 month low at 1173.
     
  • A sustained close below 1173 will target 1162/1153 marks thereafter.
     
  • Alternatively, reversal from key support will drag the parity up around 1180/1193/1201 marks.

We prefer to take short position in USD/KRW around 1176, stop loss 1186 and target 1162/ 1153 marks.

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