Key USD/KRW resistance levels indicate potential upside risks – OCBC analysis
OCBC highlights a high‑conviction zone at 1,350‑1,360 won per dollar, with 1,355 as the focal point. Moving averages, Fibonacci and past price action converge there. A break could spark a 2‑4% upside swing and heightened volatility. An ascending triangle on the daily chart and the top of a multi‑month weekly channel suggest bullish momentum. RSI and MACD show configurations that have preceded past breakouts. Volume and order‑flow data indicate shifting institutional positioning. The Bank of Korea holds rates at 3.50 % while the Fed’s tight stance fuels dollar strength, influencing the won. Mixed export data and volatile foreign inflows add uncertainty. Breaching resistance would pressure exporters, aid importers, and ripple into nearby Asian currencies.























