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FxWirePro: AUD/USD consolidates gains ,remains on positive footing

CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro- Major Crypto levels and bias summary

FxWirePro- Major European Indices

FxWirePro: EUR/CAD tumbles as strong Canadian jobs data fuels BoC rate-hike bets

FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro- Woodies Pivot(Major)

FxWirePro: GBP/NZD edges higher but bearish outlook persists

FxWirePro: USD/JPY dips below lower range, bearish bias increases

FxWirePro: USD/CAD downside pressure builds, key support level in focus

GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206

U.S. Jobless Claims Hit 3-Year Low, Strengthening Case for Fed Rate Cut

FxWirePro- Major Pair levels and bias summary

FxWirePro: USD/ZAR outlook weaker on renewed downside pressure

AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85

South Korean won recovers from 3- month high against US dollar, good to buy on dips

Monday, March 21, 2016 1:54 AM UTC
  • USD/KRW is currently trading around 1168 levels.
     
  • It made intraday high at 1169 and low at 1166 levels.
     
  • Last week pair hit fresh 3-month low at 1153 on the back of positive economic data from Korea.
     
  • Intraday bias remains bullish for the moment.
     
  • A sustained close below 1153 tests 1142/1129 marks thereafter.
     
  • Alternatively, reversal from key support will drag the parity up around 1180/1193/1201 marks.
     
  • Important to note here that overall trend remains bearish till the time pair holds key resistance at 1201 mark.

We prefer to take long position in USD/KRW around 1165, stop loss 1159 and target 1177/1193 levels.

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