Chart USD/THB Update: Choppy from the 33.48 high
Remains supported above the Friday's 33.12 low as prices consolidate choppy losses from the 33.48 June current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.77 | * | 28 Apr 2025 high | S1 | 33.05 | ** | Mar high | |
| R3 | 33.50 | * | congestion | S2 | 32.90 | * | Oct high | |
| R2 | 33.48 | ** | 24 Jun YTD high | S3 | 32.80 | ** | May high, congestion | |
| R1 | 33.40 | congestion | S4 | 32.60 | congestion |
Asterisk denotes strength of level
02:40 GMT - Remains supported above the Friday's 33.12 low as prices consolidate choppy losses from the 33.48 June current year high. However, daily studies have turned lower to unwind overbought readings and suggest scope for deeper pullback to support at the 33.05 March high. Would tke break here to fade the upside pressure and see room to further retrace strong gains from 31.74, April swing low. Lower will see scope to strong support at the 32.90/32.80 congestion area. Meanwhile, resistance is lowered to 33.40 congestion and this is expected to cap and sustain pullback from the 33.48 high.