Published: 2026-03-03T03:16:59.000Z
Chart USD/THB Update: Room to extend corrective gains
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Consolidation above the 31.00 level has given way to sharp bounce as prices unwind the oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 31.80 | * | congestion | S1 | 31.20 | * | congestion | |
| R3 | 31.70 | * | congestion | S2 | 31.00 | * | Dec low | |
| R2 | 31.58/60 | ** | Sep low, congestion | S3 | 30.86 | ** | 28 Jan YTD low | |
| R1 | 31.40 | * | congestion | S4 | 30.80 | * | congestion |
Asterisk denotes strength of level
03:15 GMT - Consolidation above the 31.00 level has given way to sharp bounce as prices unwind the oversold daily studies. Break above the 31.40 resistance see room for stronger gains to retest strong resistance at the 31.58/60 area and 31.70 congestion. Higher still, will see scope for retest of the 31.89, February current year high. Meanwhile, support is raised to the 31.20 congestion which should underping and sustain gains from the 31.00/30.86, December low and the 28 January current year low.