Free Trial

Krw1125.1 & Krw1136.5 Levels Now...>

DOLLAR-WON TECHS
DOLLAR-WON TECHS: Krw1125.1 & Krw1136.5 Levels Now Key
*RES 4: Krw1144.1 - High Aug 18
*RES 3: Krw1140.1 - Low Aug 18 now resistance
*RES 2: Krw1136.5 - High Sept 15
*RES 1: Krw1136.4- Bollinger band top
*PRICE: Krw1131.3 @ 2300GMT
*SUP 1: Krw1125.1 - Low Sept 8
*SUP 2: Krw1121.7 - Bollinger band base
*SUP 3: Krw1119.0 - Low Aug 28
*SUP 4: Krw1114.3 - High July 27 now support
*COMMENTARY: The break to the topside lacked follow through Friday with the pair
correcting lower Monday. The pair is currently trading sideways in a
Krw1125.1-1136.5 range as narrowing Bollinger bands suggest a breakout in the
near future. Bears look for a close below Krw1125.1 to hint at a move back to
2017 lows with a close below Krw1119.0 needed to confirm. Bulls still need a
close above Krw1136.5 to shift focus to the 200-DMA (Krw1143.3).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });