Published: 2026-03-05T03:17:30.000Z
Chart USD/THB Update: Consolidating, room for higher later
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Settled back in consolidation as prices consolidate sharp rally to the 31.95, 3 March current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.12 | * | 61.8% Oct/Jan fall | S1 | 31.40 | ** | 17 Feb high | |
| R3 | 31.95 | ** | 3 Mar YTD high | S2 | 31.20 | * | congestion | |
| R2 | 31.89 | ** | Feb high | S3 | 31.00 | * | congestion | |
| R1 | 31.70 | * | congestion | S4 | 30.86 | ** | 28 Jan YTD low |
Asterisk denotes strength of level
03:15 GMT - Settled back in consolidation as prices consolidate sharp rally to the 31.95, 3 March current year high. Consolidation is expected to give way to renewed buying interest later and break above resistance at the 31.70 congestion will see room for retest of the 31.89 and 31.95 highs. Clearance will see room for stronger gains to retrace losses from the October high to 32.12, 61.8% Fibonacci level. Meanwhile, support remains at the 31.50/31.40 congestion area which should underpin and sustain bounce from the 31.00 congestion area.