USD/KRW may rise to 1425.20 - 1442.50

Our pivot point stands at 1360.50.

Our preference

The upside prevails as long as 1360.50 is support.

Alternative scenario

Below 1360.50, expect 1331.70 and 1314.60.

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 above its 20 and 50 period moving average (respectively at 1374.20 and 1368.80).

Supports and resistances

1476.90 **

1459.70 *

1442.50 **

1425.20

1389.61 last

1371.80

1360.50 **

1331.70 *

1314.60 **

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