Published: 2026-01-23T03:02:36.000Z
Chart USD/THB Update: Turned up in consolidation from 30.88 low
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Higher in consolidation from the 30.88 low as prices unwind the oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 31.80 | congestion | S1 | 31.00 | ** | Dec 2025 year low | ||
| R3 | 31.70 | ** | 29 Dec high | S2 | 30.80 | * | Jun 2020 low | |
| R2 | 31.58 | * | Sep low | S3 | 30.60 | * | congestion | |
| R1 | 31.40 | * | congestion | S4 | 30.53/50 | ** | Feb 2021 high, congestion |
Asterisk denotes strength of level
03:00 GMT - Higher in consolidation from the 30.88 low as prices unwind the oversold daily studies. Nearby see resistance at 31.40 and break here is needed to open up room for retest of strong resistance at 31.58 and 31.70. Gains are seen corrective and expected to give way to renewed selling pressure later to retest support at 31.16 and 31.00 level. Break of these and the 30.88 low will further extend the broader losses from the 2022 year high and extend losses to support at the 30.80/30.60 congestion area.