Published: 2026-06-09T02:56:00.000Z
Chart USD/THB Update: Consolidating test of 32.80/32.90 area
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Consolidating test of resistance at the 32.80/32.90 area as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion | S1 | 32.60 | * | congestion | |
| R3 | 33.20 | * | congestion | S2 | 32.40 | ** | congestion | |
| R2 | 33.05 | ** | 23 Mar YTD high | S3 | 32.20 | * | congestion | |
| R1 | 32.90 | * | Oct high | S4 | 32.03 | ** | 6 May low |
Asterisk denotes strength of level
02:50 GMT - Consolidating test of resistance at the 32.80/32.90 area as prices unwind overbought intraday studies. However, further gains cannot be ruled out to target strong resistance at the 33.05 March current year high. Above the latter, if seen, will confirm a 9-month bottom pattern at the January YTD low and see stronger gains to retrace losses from the 2023/2024 year highs. Meanwhile, support remains at the 32.60/32.40 congestion area which should underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to the 32.20 support and 32.03, May low.