Published: 2025-03-13T02:46:36.000Z
Chart USD/THB Update: Consolidating, room for lower later
Technical Analyst
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Little change, as prices extend consolidation below the 34.00 level following bounce from the 33.55 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.50 | * | congestion | S1 | 33.65 | * | Dec low | |
| R3 | 34.32 | ** | 3 Mar high | S2 | 33.50 | * | 5 Feb low | |
| R2 | 34.25 | * | 12 Feb high | S3 | 33.37 | ** | 24 Feb YTD low | |
| R1 | 34.00 | * | congestion | S4 | 33.30 | * | 61.8% Sep/Nov rally |
Asterisk denotes strength of level
02:45 GMT - Little change, as prices extend consolidation below the 34.00 level following bounce from the 33.55 low. Pullback see room for retest of the 33.65/33.55 support and where break will extend losses from the 3rd March high at 34.32 to retest the 33.50/33.37, February lows. Break of these will see deeper pullback to retrace the September/November rally to the 33.30, 61.8% Fibonacci level. Lower still will see room to the 33.08, 18 October low. Meanwhile, resistance remains at the 34.00 level which is expected to cap and sustain losses from the 34.32, March high.