Published: 2025-09-16T02:37:21.000Z
Chart USD/THB Update: Extending consolidation above 31.58 low
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Edging higher from the 31.58 current year low as prices consolidate losses from the August high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.40/50 | * | congestion | S1 | 31.58 | ** | 9 Sep YTD low | |
| R3 | 32.24 | * | Aug low | S2 | 31.50 | * | congestion | |
| R2 | 32.10/14 | ** | Jul, 2024 year lows | S3 | 31.20 | * | congestion | |
| R1 | 32.00 | * | congestion | S4 | 31.05 | * | Jun 2021 low |
Asterisk denotes strength of level
02:35 GMT - Edging higher from the 31.58 current year low as prices consolidate losses from the August high. However, shallow bounce keeps pressure on the downside and see risk for break to extend losses from the September 2022 year high. Break of the 31.58 low and the 31.50 congestion will see extension to the 31.20 congestion and 31.05, June 2021 low. Meanwhile, resistance is at 32.00 level and extending to 32.10/32.14, the July and 2024 year lows. This area now expected to cap and sustain losses from the 35.00, April current year high.