Published: 2025-07-16T03:01:36.000Z
Chart USD/THB Update: Extending consolidation above 32.30 low
Technical Analyst
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Extending choppy trade above the 32.30 low as prices consolidate losses from the 35.00, April high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.40 | * | congestion | S1 | 32.50 | * | congestion | |
| R3 | 33.20 | * | congestion | S2 | 32.30 | ** | 3 Jul YTD low | |
| R2 | 33.05 | ** | Jun high | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.75/80 | ** | 9 Jul high, congestion | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:50 GMT - Extending choppy trade above the 32.30 low as prices consolidate losses from the 35.00, April high. Ranging action see prices unwinding oversold weekly studies and tracing out a bottom pattern at the 32.31/32.30, June/July lows. Resistance is at the 32.75 high and 32.80 congestion. Would take break here to open up room for stronger gains to the 33.00/33.05 area. Meanwhile, support is raised to 32.50 congestion which is expected to underpin and sustain gains from the 32.30 low.