Published: 2025-08-22T02:51:18.000Z
Chart USD/THB Update: Extend gains, focus return to 32.75/32.88 highsigher in choppy trade
Technical Analyst
-
Extending break of resistance at the 32.50 congestion to return focus to the 32.75 and 32.88 highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.20 | * | 38.2% Apr/Jul fall | S1 | 32.50 | * | congestion | |
| R3 | 33.05 | ** | Jun high | S2 | 32.30 | * | Jun low | |
| R2 | 32.88 | ** | 1 Aug high | S3 | 32.23 | ** | 14 Aug low | |
| R1 | 32.75 | * | congestion | S4 | 32.10 | ** | 24 Jul YTD low |
Asterisk denotes strength of level
02:45 GMT - Extending break of resistance at the 32.50 congestion to return focus to the 32.75 and 32.88 highs. Positive daily and weekly studies suggest room for break of these to extend gains from the July low to further retrace losses from the April high. Clearance, if seen, will see room to the 33.00 level and 33.05, June high. However, gains are seen corrective and expected to give way to renewed selling pressure later with support at the 32.50 congestion expected to underpin. Would take break to return focus to the downside for retest of 32.30 congestion and 32.23/32.10 lows.