Published: 2025-07-25T02:58:36.000Z
Chart USD/THB Update: Turned up from 32.14/32.08 support
Technical Analyst
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Break to fresh low has seen losses checked at the 32.14/32.08, September 2024/February 2022 year lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | Jun high | S1 | 32.10 | ** | 24 Jul YTD low | |
| R3 | 32.75/80 | ** | 9 Jul high, congestion | S2 | 32.08 | ** | Feb 2022 year low | |
| R2 | 32.50 | * | congestion | S3 | 32.00 | * | congestion | |
| R1 | 32.30 | * | congestion | S4 | 31.80 | * | 76.4% 2020/2022 rally |
Asterisk denotes strength of level
02:50 GMT - Break to fresh low has seen losses checked at the 32.14/32.08, September 2024/February 2022 year lows. Bounce from the 32.10 see prices unwind oversold daily and weekly studies and returning to resistance at the 32.30/32.50 area. Break here will trigger stronger gains from the falling wedge pattern to retrace the November/July losses. Higher will opening up room for retest of strong resistance at 32.75/80 area and 33.05. Meanwhile, support at the 32.14/32.08 lows and wedge support expected to underpin.