Published: 2025-08-05T02:59:43.000Z
Chart USD/THB Update: Under pressure
Technical Analyst
1
Under pressure, as prices extend rejection from the 32.88 high to reach support at the 32.30, June low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | Jun high | S1 | 32.30 | * | Jun low | |
| R3 | 32.88 | ** | 1 Aug high | S2 | 32.10 | ** | 24 Jul YTD low | |
| R2 | 32.75 | * | congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Under pressure, as prices extend rejection from the 32.88 high to reach support at the 32.30, June low. Beneath this will expose the 32.10 current year low to retest and threatens break to extend the underlying bear trend from 2022 high. However, oversold weekly studies suggest losses to give way to consolidation here and the 2022 year low at 32.08. Meanwhile, resistance is lowered to the 32.50 level which is expected to cap and keep pressure on the downside.