Published: 2025-10-17T02:54:32.000Z
Chart USD/THB Update: Consolidating, room for lower later
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No follow-through on break of the 32.50 support as prices consolidate pullback from the 32.82 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.00/05 | ** | congestion, Jun high | S1 | 32.50 | * | congestion | |
| R3 | 32.88 | ** | 6 May low, 38.2% | S2 | 32.30 | ** | Jun low, congestion | |
| R2 | 32.82 | ** | 9 Oct high | S3 | 32.10 | * | Jul low | |
| R1 | 32.68 | * | 22 Aug high | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - No follow-through on break of the 32.50 support as prices consolidate pullback from the 32.82 high. However, pressure remains on the downside and break here will open up room for deeper pullback to retrace the September/October gains. Daily studies are unwinding overbought reading and lower will see room to strong support at the 32.30 congestion. Below this will turn focus to the 32.10/32.00 area. Meanwhile, resistance at 32.68 is expected to cap and sustain losses from the 32.82 high.