Published: 2025-06-25T03:17:08.000Z
Chart USD/THB Update: Under pressure, focus return to 32.31 low
Technical Analyst
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Corrective bounce has given way to renewed selling pressure at the 33.00/05 resistance to reach support at 32.56/32.50
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.37 | * | Feb low | S1 | 32.50 | * | congestion | |
| R3 | 33.25 | * | congestion | S2 | 32.31 | ** | 13 Jun YTD low | |
| R2 | 33.05 | ** | Apr low | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.80 | * | congestion | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
03:10 GMT - Corrective bounce has given way to renewed selling pressure at the 33.00/05 resistance to reach support at the 32.56/32.50 congestion area. Daily studies are unwinding overbought readings and highlights risk for break here to open the 32.31 current year low to retest. Below the latter will extend the broader losses from the November high and shift focus to the 32.14, September 2024 year low. Meanwhile, resistance is lowered to the 32.80 congestion which is expected to cap and sustain rejection from the 33.05 bounce high.