The USDKRW exchange rate chart has broken through the ascending channel, greatly increasing the likelihood of it rising to the key upper line. This key upper line is 1,600 Korean Won.
This channel was formed in 2020, and the recent rise in the exchange rate may originate from planned fluctuations that started in 2020.
Moreover, since the relevant events involving the International Monetary Fund, the exchange rate has shown a triangular convergence trend. Globally, it is rare for any currency to exhibit such a long-term stable convergence pattern.
While this may have a hint of conspiracy theory, it is undeniable that large financial forces may be manipulating the exchange rate behind the scenes...