Published: 2025-06-16T02:50:50.000Z
Chart USD/THB Update: Consolidating, but still heavy
Technical Analyst
1
Turned up from Friday's current year low at 32.31 as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.25 | * | congestion | S1 | 32.31 | ** | 13 Jun YTD low | |
| R3 | 33.00/05 | * | congestion, Apr low | S2 | 32.14 | ** | Sep 2024 year low | |
| R2 | 32.80/90 | ** | congestion, 29 May high | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50/56 | * | congestion, 6 May low | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Turned up from Friday's current year low at 32.31 as prices unwind oversold intraday studies. However, the downside still vulnerable and break here will further extend losses from the November high at 35.17 to retest 32.14, September 2024 year low. Below this, will turn focus to the 32.08, 2022 year low. Meanwhile, resistance is lowered to 32.50/32.56 area which is expected to cap and sustain bearish pressure from the 35.00, April YTD high. Clearance here, will see room for stronger corrective bounce to the 32.80/32.90 resistance.