Published: 2026-07-01T03:48:13.000Z
Chart USD/THB Update: Consolidating, room for deeper pullback
-
Pullback from the 33.48 current year high has found support at the 33.20 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.00 | * | congestion, 76.4% | S1 | 33.20 | congestion | ||
| R3 | 33.77 | 28 Apr high | S2 | 33.05 | ** | Mar high | ||
| R2 | 33.50 | * | congestion | S3 | 32.90 | * | Oct high | |
| R1 | 33.48 | ** | 24 Jun YTD high | S4 | 32.80 | * | congestion |
Asterisk denotes strength of level
03:40 GMT - Pullback from the 33.48 current year high of last week has found support at the 33.20 congestion. However, overbought daily and weekly studies suggest scope for deeper pullback and lower will see room to support at the 33.05 March high. Would take break of the latter to fade the upside pressure and see room for deeper pullback to retrace strong gains from 31.74, April swing low. Lower will see room to support at the 32.90/32.80 congestion area. Break above the 33.48/33.50 high and congestion area will further extend the January gains.