USDKRW: Ongoing pullback to persist toward potential support of 1372 – SocGen USDKRW Banks
USDKRW has dipped below 1400. Analysts at Société Générale expect the pair to extend its slide towards the 1372 support.“USDKRW has violated the lower band of recent brief consolidation and the 50-Day Moving Average with a weekly bearish gap denoting short-term downtrend.”
“In case the pair remains unable to reclaim recent gap near 1413, an elongated consolidation is likely to develop.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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