USD/KRW To Consolidate With Positive Bias

http://www.fxfxfx.com 2010-01-22 08:58:22

USD/KRW to consolidate with positive bias amid sharp increase in risk aversion. "With the euro so weak, the long-dollar bias in the market isn''''t dead yet, but levels above KRW1,140 may seem top-heavy with exporters selling the U.S. unit around those levels," said foreign-bank trader. Dow Jones technical analysis shows bullish cross-over on daily MACD, supporting positive move near term. Immediate USD/KRW resistance at 1,143 (yesterday''''s high), then 1,150 (psychological). Support at 1,130

[Print] [Close]

Related Articles

• USD/TWD Lower; May Test Key 32.000 Support
• USD/THB Has Slight Upward Bias
• S Korea Won Up Sharply Late; Central Bank May
• GBP/USD To Consolidate With Risks Skewed Lower
• USD/JPY To Trade With Upward Bias
• EUR/USD To Consolidate With Bearish Bias
• USD/IDR Higher; Bank Indonesia Eyed Selling $1
• Bank of China, January 26, 2010 U.S. dollar ex
• USD/PHP To Be Range-bound With Neutral Bias
• USD/KRW To Consolidate With Positive Bias