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BofA FX Techs See Further USD/KRW Upside

KRW

BofA FX techs see further USD/KRW upside, following the recent break higher in the pair, see below for more details:
"Leading the bullish USD turn with 1357/1380/1391 possible. USDKRW +1m NDF broke out to new 4-month highs and is resuming the uptrend from the February low. Upside targets include 1357, 1380 and possibly 1391. Ideally price continues to close above the 50d SMA now at 1307 and rising +/- 1.35 points per day."


"Buy USDKRW +1m NDF with limit entry. We enter a limit buy order on USDKRW +1m NDF on a dip to 1331.50 for this week only. We target 1357, 1380 and maybe 1391. Stop below rising 50d SMA."

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