Published: 2025-07-23T02:57:04.000Z
Chart USD/THB Update: Fresh low turns focus to 32.14/32.08, 2024/2022 year lows
Technical Analyst
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Break to fresh low see prices extending losses from the November high to reach towards 32.14, September 2024 year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | Jun high | S1 | 32.14 | ** | Sep 2024 year low | |
| R3 | 32.75/80 | ** | 9 Jul high, congestion | S2 | 32.08 | ** | Feb 2022 year low | |
| R2 | 32.50 | * | congestion | S3 | 32.00 | * | congestion | |
| R1 | 32.30 | * | congestion | S4 | 31.80 | * | 76.4% 2020/2022 rally |
Asterisk denotes strength of level
02:50 GMT - Break to fresh low see prices extending losses from the November high to reach towards 32.14, September 2024 year low. Reaction here see prices unwinding oversold intraday studies but bearish price action and negative daily studies suggest scope for break later to open up room to 32.08, February 2022 year low. Meanwhile, resistance is lowered to 32.30/32.50 congestion which is expected to cap. Would take break of these to ease the downside pressure and open up room for retest of 32.75/32.80 resistance.