USD/KRW trades in a tight range as Societe Generale identifies the 1349-1353 zone as the primary resistance level to watch for a potential breakout.
Societe Generale flags 1349/1353, the range top and 50-day moving average, as key resistance for USD/KRW after an interim low near 1320 and a rebound into a narrow base. A decisive break would set direction, but no confirmed breakout is given, so the near-term effect is neutral with elevated breakout risk.
Societe Generale identifies 1320 as the interim low and 1349/1353 as key resistance.
No. It highlights a narrow base and key resistance, with breakout direction still unconfirmed.
Societe Generale analysts report that the USD/KRW pair is consolidating within a narrow range following an interim low of 1320. The pair is now testing a critical resistance zone between 1349 and 1353, which aligns with the 50-day moving average. A decisive move beyond this threshold is required to establish a clear directional trend for the currency pair.
The pair has an interim low at 1320, with a critical resistance zone identified between 1349 and 1353.
No. The pair is currently consolidating in a narrow base, and analysts are waiting for a decisive move above or rejection from the 1349-1353 resistance area.