# USD/KRW technical analysis: Rises to key trendline hurdle, BOK keep rates unchanged — Octa

> The USD/KRW pair was testing a resistance trendline near 1,210 after the Bank of Korea held rates at 1.5%. Analysts expected a rate cut to 1.25% at the October meeting, and the pair could fall toward 1,199 if the bearish candlestick pattern is confirmed.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57833-usd-krw-technical-analysis-rises-to-key-trendline-hurdle-bok-keep-rates
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

This is routine technical commentary on currency moves with no new fundamental cause for feed buyers. Expected October rate cuts could weaken the won over time and raise import costs.

## Read by commodity

- USDKRW: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/742881/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.