Published: 2025-11-06T03:11:23.000Z
Chart USD/THB Update: Shallow corrective bounce
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Bounce from the 32.23/32.30 support has given way to consolidation at the 32.50 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.00/05 | ** | congestion, Jun high | S1 | 32.50 | * | congestion | |
| R3 | 32.95 | * | 38.2% Nov 2024/Sep fall | S2 | 32.30 | ** | Jun low, congestion | |
| R2 | 32.88 | ** | 1 Aug high, congestion | S3 | 32.23 | * | Oct low | |
| R1 | 32.68 | * | 22 Aug high | S4 | 32.10 | ** | Jul low |
Asterisk denotes strength of level
03:10 GMT - Bounce from the 32.23/32.30 support has given way to consolidation at the 32.50 congestion. Daily studies are mixed and threaten pullback from the 32.63 bounce high. Break above 32.50 congestion will return focus to the downside for retest of the 32.30/32.23 lows. Below these will open up room for deeper pullbak to strong support at the 32.10 July low and the 32.00 figure. Meanwhile, resistance at 32.68 congestion is expected to cap. Clearance needed to expose the 32.88 and 32.90 highs to retest.