The U.S. Dollar Index is pulling back today, but this is largely a Euro-driven move. One currency that isn’t joining is the Korean won. This might be nothing, but it’s worth keeping an eye on.
The won is highly sensitive to China and global trade. A bullish divergence in USDKRW would be significant. History is admittedly limited, but breaks above the green horizontal in the 1330 area have only occurred during explosive bull runs.
Also, the resistance line breached today was last broken to the upside in August 2022.
