Published: 2025-07-03T02:27:50.000Z
Chart USD/THB Update: Under pressure, 32.33/32.31 lows at risk
Technical Analyst
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Consolidation above the 32.33/32.31 lows has met with selling pressure at the 32.60/32.65 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.25 | * | congestion | S1 | 32.31 | ** | 13 Jun YTD low | |
| R3 | 33.05 | ** | Apr low | S2 | 32.14 | ** | Sep 2024 year low | |
| R2 | 32.80 | * | congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.60/65 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Consolidation above the 32.33/32.31 lows has met with selling pressure at the 32.60/32.65 resistance. Bearish price action threatens retest of the 32.33/32.31 lows and where break will extend the broader losses from the November high and shift focus to the 32.14/32.08, September 2024 and February 2022 year lows. Meanwhile, resistance at the 32.60/32.65 congestion area is expected to cap. Clearance here, if seen, will fade the downside pressure and open up room for stronger corrective bounce to 32.80 resistance.