Published: 2026-07-29T03:02:03.000Z
Chart USD/THB Update: Under pressure, room to extend losses
1
Consolidating test of support at the 33.50/33.48 area but pressure remains on the downside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.10 | * | Dec 2023 low | S1 | 33.50 | * | congestion | |
| R3 | 34.00 | * | 76.4% 2025/2026 fall | S2 | 33.25 | 10 Jul low | ||
| R2 | 33.87 | * | 23 Jul YTD high | S3 | 33.12 | ** | 3 Jul low | |
| R1 | 33.70 | 27 Jul high | S4 | 33.00/05 | ** | congestion, Mar high |
Asterisk denotes strength of level
03:00 GMT - Consolidating test of support at the 33.50/33.48 area but pressure remains on the downside and see room for break here to extend losses from the 33.87 high. Daily studies are tracking lower from overbought areas and see room for deeper pullback to correct strong gains from the 31.74, April low. Break will see room for extension to support at 33.25 then the 33.12, 3 July low. Meanwhile, resistance at the 33.65/33.70 congestion area is expected to cap and sustain losses from the 33.87 high.