Published: 2025-12-19T02:57:19.000Z
Chart USD/THB Update: Scope for bounce from 31.36 fresh year low
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Steadied at 31.36 fresh year low as prices consolidate recent steep losses and unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.10 | ** | Jul low | S1 | 31.36 | * | 18 Dec YTD low | |
| R3 | 32.00 | * | congestion | S2 | 31.30 | * | congestion | |
| R2 | 31.80 | * | congestion | S3 | 31.00 | * | figure, congestion | |
| R1 | 31.58/60 | * | Sep low, congestion | S4 | 30.80 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Steadied at 31.36 fresh year low as prices consolidate recent steep losses and unwind oversold intraday studies. Further losses cannot be ruled out but daily studies are stretched as well and caution corrective bounce. Lower, if seen, will further extend the broader losses from the 2022 year high to support at the 31.30 congestion and the 31.00 level. Meanwhile, resistance is lowered to 31.58/60, September low. Lift over this will ease the downside pressure and see room for stronger corrective bounce to resistance at the 31.80/32.00 congestion area.