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fxAug 14, 2026, 5:39 PM

Societe Generale Sees USD/KRW Targeting 1407 as Won Gains

Societe Generale analysts note USD/KRW has corrected below its 200-day moving average near 1478 and is now testing a 2023 ascending trend line, with 1407 seen as the next target.

USDKRW

Societe Generale analysts point out that USD/KRW has already corrected after losing its 200-day moving average near 1478.

The pair is now testing an ascending trend line drawn from 2023. Their stated target for further Korean won strength is 1407 against the US dollar.

Source: FXStreet Forex News