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Korean Won depreciates against major peers as BoK stands pat

  • Pair is currently supported above 1218 levels. 
     
  • It made intraday high at 1219.10 and low at 1210.10 levels. 
     
  • Today BoK kept the interest rate unchanged at 1.5% as expected by the market.  
     
  • Korean won slipped just after the interest rate decision and trading around fresh weekly low. 
     
  • A daily close above 1225 will drag the parity towards multiyear high around 1242 and 1277 thereafter.

     
  • Alternatively, reversal from this level will take the parity again around 1010 marks.
     
  • Initial support levels are seen at 1200, 1150 and 1009 thereafter.
     
  • On the top side, resistance levels are seen at 1222, 1242 and 1277 levels.

 

  • Market Data
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