USD/KRW Falls to 1,450 Won, RSI Hits Oversold at 28.76 on July 27

According to Yonhapinfomax, on July 27, the USD/KRW exchange rate fell to the 1,450 won level overnight as technical indicators entered oversold territory. The previous trading day's low hit 1,458.50 won. The relative strength index (RSI), a key momentum indicator, dropped to 28.76, falling below the conventional 30-point oversold threshold. A death cross also occurred as the 5-day moving average crossed below the 200-day line.

Market analysts noted that while further downside remains possible if support at 1,450 won breaks, the sharp decline has created technical rebound potential. One foreign financial institution official stated that USD/KRW is relatively under pressure with short positioning predominant in the market. Contributing factors include global dollar weakness, dollar inflows following SK Hynix's ADR listing, heavy industry forward sales, month-end export negotiations, and expectations of further rate hikes by the Bank of Korea.