Published: 2026-01-12T03:11:20.000Z
Chart USD/THB Update: Extend choppy trade above 31.00 low
-
Extending choppy trade above the 31.00 low as prices consolidate losses from the October swing high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.00 | * | figure, congestion | S1 | 31.16 | * | 6 Jan low | |
| R3 | 31.80 | * | congestion | S2 | 31.00 | ** | 26 Dec 2025 year low | |
| R2 | 31.70 | ** | 29 Dec high | S3 | 30.80 | * | Jun 2020 low | |
| R1 | 31.58 | * | Sep low | S4 | 30.60 | * | congestion |
Asterisk denotes strength of level
03:10 GMT - Extending choppy trade above the 31.00 low as prices consolidate losses from the October swing high. Rejection from the 31.70 late-December bounce high see pressure returning to the downside to support at 31.16. Break here will expose the 31.00 low to retest and see scope to extend the broader losses from the September 2022 year high. Lower will see room to support at the 30.80/30.60 congstion area. Meanwhile, resistance is at 31.58 low of September then the 31.70 bounce high which is expected to cap. Clearance, if seen, will see room to further retrace the October/December losses.