Published: 2026-02-24T02:52:03.000Z
Chart USD/THB Update: Weighing on 31.00 level
-
Weighing on the 31.00 level and break here will expose the 28 January current year low at 30.86 to retest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 31.80 | * | congestion | S1 | 31.00 | * | Dec low | |
| R3 | 31.70 | * | congestion | S2 | 30.86 | ** | 28 Jan YD low | |
| R2 | 31.58/60 | ** | Sep low, congestion | S3 | 30.80 | * | congestion | |
| R1 | 31.40 | * | congestion | S4 | 30.65 | * | 18 Mar 2021 low |
Asterisk denotes strength of level
02:50 GMT - Weighing on the 31.00 level and break here will expose the 28 January current year low at 30.86 to retest. Negative daily and weekly studies suggest scope for break here to further extend the broader losses from the October 2022 year high. Lower will see room for extension to the 30.80 congestion and the 30.65/30.50 area. Meanwhile, resistance at the 31.20/31.40 congestion area now expected to cap. Clearance, if seen, will open up room for retest of the 31.58/31.70 resistance and 31.88, 6 February swing high.