💱US Dollar/Korean Won FX Spot Rate
USDKRW
▼ NegativeMonetaryrelevance
Technical analysis suggests support for USD/KRW, implying potential KRW strength if support holds, but no fundamental driver.
Impact on assets 1
Others
Societe Generale's technical team notes that USD/KRW failed twice to break above the June high around 1,561, triggering a deeper decline towards the 200-day moving average. The pair is now testing this key moving average, with next support at a multi-month ascending trend line near 1,464/1,461.
Technical analysis suggests support for USD/KRW, implying potential KRW strength if support holds, but no fundamental driver.