Published: 2025-07-30T02:45:08.000Z
Chart USD/THB Update: Consolidating test of 32.50 resistance
Technical Analyst
1
Little change, as prices consolidate test of the 32.50 congestion and wedge pattern resistance from the May high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.37 | * | Feb low | S1 | 32.30 | * | Jun low | |
| R3 | 33.05 | ** | Jun high | S2 | 32.10 | ** | 24 Jul YTD low | |
| R2 | 32.75/80 | ** | 9 Jul high, congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50 | * | congestion | S4 | 31.80 | * | 76.4% 2020/2022 rally |
Asterisk denotes strength of level
02:45 GMT - Little change, as prices consolidate test of the 32.50 congestion and wedge pattern resistance from the May high. Positive daily and weekly studies suggest consolidation giving way to buying interest later and break here will trigger stronger gains to retrace the November/July losses and see room to the strong resistance at 32.75/80 area and 33.05, June high. Meanwhile, support is raised to 32.30 which should underpin and sustain bounce from 32.10 low.