Published: 2025-07-21T02:51:16.000Z
Chart USD/THB Update: Lower within bearish descending triangle
Technical Analyst
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Lower in choppy trade from the 32.75 bounce high and return below the 32.50 congestion open the 32.30 low to retest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.20 | * | congestion | S1 | 32.30 | ** | 3 Jul YTD low | |
| R3 | 33.05 | ** | Jun high | S2 | 32.14 | ** | Sep 2024 year low | |
| R2 | 32.75/80 | ** | 9 Jul high, congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50 | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Lower in choppy trade from the 32.75 bounce high and return below the 32.50 congestion open the 32.30 low to retest. The resulting losses descending triangle see risk for break here to extend losses from the April high and see room to retest 32.14/32.08, 2024/2022 year lows. Meanwhile, resistance at the 32.75 high and 32.80 congestion are expected to cap. Would take break of these to open up room for stronger gains to the 33.00/33.05 area.