- USD/KRW is currently trading around 1161 levels.
- It made intraday high at 1162 and low at 1159 marks.
- Intraday bias remains bullish till the time pair holds key support at 1152 marks.
- A sustained close below 1152 will tests key supports at 1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
- Alternatively, current upside movement will drag the parity higher towards key resistances at 1168, 1176, 1182, 1196 (June 01, 2016 high), 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
- Yesterday BOK cuts base rate by 25 bps to record-low 1.25 pct vs 1.50 pct previous release.
- Today South Korea Central bank chief said, ‘Bank plans to keep monetary policy accommodative but it will be difficult for domestic economy to escape low growth, low inflation quickly’.
We prefer to take long position in USD/KRW only above 1162, stop loss 1152 and target 1176/ 1182 marks.


FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro- Major Crypto levels and bias summary
Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: AUD/USD eases as investors switch focus to RBA
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
FxWirePro: EUR/AUD slips after surprise U.S. employment data
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660 



