Published: 2025-07-17T03:05:55.000Z
Chart USD/THB Update: Extending consolidation above 32.30, current year low
Technical Analyst
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Little change, as prices extend choppy trade around the 32.50 level and consolidate losses from the April high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.40 | * | congestion | S1 | 32.30 | ** | 3 Jul YTD low | |
| R3 | 33.20 | * | congestion | S2 | 32.14 | ** | Sep 2024 year low | |
| R2 | 33.05 | ** | Jun high | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.75/80 | ** | 9 Jul high, congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Little change, as prices extend choppy trade around the 32.50 level and consolidate losses from the April high. Ranging action see prices unwinding oversold daily and weekly studies and tracing out a bottom pattern at the 32.31/32.30, June/July lows. Resistance is at the 32.75 high and 32.80 congestion and break of these needed to open up room for stronger gains to the 33.00/33.05 area. Below the 32.30 low will see extension to retest 32.14/32.08, 2024/2022 year lows.