Published: 2025-07-22T03:13:14.000Z
Chart USD/THB Update: Break to fresh low turn focus to 32.14/32.08 lows
Technical Analyst
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Consolidation above the 32.30 low has given way to break to fresh low and extend losses from the November high
| 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
03:10 GMT - Consolidation above the 32.30 low has given way to break to fresh low and extend losses from the November high. Bearish price action and negative daily studies suggest room to retest the 32.14/32.08, 2024/2022 year lows. Reaction at the latter is expected as weekly studies push deep into oversold areas and caution corrective bound. Meanwhile, resistance is lowered to 32.30/32.50 congestion which is expected to cap. Would take break of these to open up room for retest of 32.75/32.80 resistance.