Published: 2026-03-16T03:00:38.000Z
Chart USD/THB Update: Break to fresh year high
1
Break above the 32.20 resistance has seen extension to fresh year high at 32.50
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.91/93 | ** | Oct high, 50% | S1 | 32.20 | * | congestion | |
| R3 | 32.80 | * | congestion | S2 | 32.00 | * | congestion | |
| R2 | 32.63 | * | Nov high | S3 | 31.89 | ** | Feb high | |
| R1 | 32.50 | * | congestion | S4 | 31.70 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Break above the 32.20 resistance has seen extension to fresh year high at 32.50. Positive daily and weekly studies suggest consolidation here to give way to further gains later to extend bullish break of resistance at 31.89 February high. Higher will further retrace losses from the April high to the 32.63 November high and 32.80 congestion. Meanwhile, support is raised to the 32.20/32.00 congestion area which should underpin and limit any corrective pullback. Would take break here and the 31.89 support to fade the upside pressure and return focus to the 31.00/30.86 lows.