Published: 2025-10-09T02:54:10.000Z
Chart USD/THB Update: Extending gains
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Consolidation below the 32.50 resistance has given way to break to extend gains from the 31.58/31.60, September lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.25 | congestion | S1 | 32.50 | * | congestion | ||
| R3 | 33.00/05 | ** | congestion, Jun high | S2 | 32.30 | ** | Jun low, congestion | |
| R2 | 32.88 | ** | 6 May low, 38.2% | S3 | 32.10 | ** | Jul low | |
| R1 | 32.68 | * | 22 Aug high | S4 | 32.00 | * | figure |
Asterisk denotes strength of level
02:50 GMT - Consolidation below the 32.50 resistance has given way to break to extend gains from the 31.58/31.60, September lows. Positive daily and weekly studies keep pressure on the upside and see room to further retrace the April/September losses. Higher will see extension to retest strong resistance at the 32.68 and 32.88, August highs. Meanwhile, support is raised to 32.50 congestion and extending to 32.30, June low. This are should underpin and only break here will fade the upside pressure and open up room for pullback to 32.10/32.00 support.