USDKRW Exchange Rate Chart, the upward channel has been broken, significantly increasing the possibility of rising to the key upper line. This key line is 1,600 Korean Won.
This channel was established in 2020, and the recent rise in the exchange rate may stem from the planned fluctuations that began in 2020.
Moreover, since the related events of the International Monetary Fund, the exchange rate has shown a triangular convergence trend, and globally, it is rare for currencies to have such a long-term stable convergence pattern.
Although this has a bit of a conspiracy theory flavor, it cannot be denied that large financial forces may be manipulating the exchange rate behind the scenes...