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USDKRW TECHS: Testing Key Resistance

EMERGING MARKETS
  • The trend in USDKRW remains up and the USD has traded higher today.
  • Attention is on the key near-term resistance that intersects at 1326.65, the Jul 15 high.
  • This hurdle has been pierced, a clear break would confirm a resumption of the primary uptrend and open 1372.30, 61.8% of the 2009 - 2014 bear leg.
  • Support is seen at the 20-day EMA - it intersects at 1307.44.

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