Published: 2025-08-14T02:56:56.000Z
Chart USD/THB Update: Under pressure
Technical Analyst
1
Under pressure but no follow-through on break of support at the 32.30 June low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | Jun high | S1 | 32.30 | * | Jun low | |
| R3 | 32.88 | ** | 1 Aug high | S2 | 32.10 | ** | 24 Jul YTD low | |
| R2 | 32.75 | * | congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Under pressure but no follow-through on break of support at the 32.30 June low. Close below here will see prices extending losses from the 1st August swing high at 32.88 and expose the 32.10 current year low to retest. Below this will extend the broader losses from 2022 year high to the to retest the 32.08 support and the 32.00 level. Meanwhile, resistance at the 32.50 level is expected to limit corrective bounce. Clearance will see room for stronger bounce to consolidate below 32.60/32.75 resistance.