USD/KRW may rise to 1405.80 - 1426.90

1326.70 is our pivot point.

Our preference

The upside prevails as long as 1326.70 is support.

Alternative scenario

Below 1326.70, expect 1291.60 and 1270.70.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1333.60 and 1337.90).

Supports and resistances

1469.00 **

1447.90 *

1426.90 **

1405.80

1360.27 last

1340.50

1326.70 **

1291.60 *

1270.70 **

Number of asterisks represents the strength of support and resistance levels.