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Won Weakness Takes USD/KRW To Key Resistance


The won continues to weaken, USD/KRW last up 9.75 at 109950 having briefly moved about 1100, and retreated from resistance at 1101.

  • Bulls seek a move above 1101 to indicate upside intent, next resistance is at the upper channel of the January uptrend of 1102.62.
  • Key support is at 1080, the cycle low which was tested several times in November and earlier in January.

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