USD/KRW Breaks 1520 Support, Extending Reversal From 1560 High
Updated
Updated · continuumeconomics.com · Jun 9
USD/KRW Breaks 1520 Support, Extending Reversal From 1560 High
2 articles · Updated · continuumeconomics.com · Jun 9
Summary
USD/KRW fell through the 1520.00 May-high support after reversing from last week's 1560.00 year-to-date peak, signaling the pullback is deepening.
The drop already cleared 1537.00 support, and analysts say the break leaves room for a retracement toward 1510.00 and 1500.00 congestion levels.
Oversold intraday signals suggest near-term consolidation, but the broader bias still points lower after the pair's sharp rally from the 1440.00 May low.
Resistance has been lowered to 1537.00, with that former support now expected to cap rebounds and keep pressure on the pair after its failed push near June 2025 channel resistance.