Published: 2026-07-10T03:04:54.000Z
Chart USD/THB Update: Turned lower from 33.54 fresh year high
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No follow-through on break above the 33.50 resistance as prices settled back from fresh year high at 33.54
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.00 | * | 76.4% 2025/2026 fall | S1 | 33.20 | congestion | ||
| R3 | 33.77 | * | 28 Apr 2025 high | S2 | 33.12 | ** | 3 Jul low | |
| R2 | 33.65 | * | May 2025 high | S3 | 33.00/05 | ** | congestion, Mar high | |
| R1 | 33.54 | ** | 8 Jul YTD high | S4 | 32.90 | * | Oct high |
Asterisk denotes strength of level
02:50 GMT - No follow-through on break above the 33.50 resistance as prices settled back from fresh year high at 33.54. Consolidation see prices unwinding overbought daily and weekly studies and bearish divergence suggesting recent strong gains from the June low now being retraced. Pullback see support starting at 33.20/33.12 congestion and 3 July low. Break here will confirm a top in place at the 33.48/33.54 highs and see room for deeper pullback to retrace gains from the 31.74 April swing low to support at the 33.00 level then the 32.90/32.80 October high and congestion area.