Published: 2025-04-03T02:42:44.000Z
Chart USD/THB Update: Extending gains
Technical Analyst
-
Further extend gains from the March low through the February/March highs at 34.25/34.32 to reach 34.45 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 35.00 | * | congestion | S1 | 34.10 | congestion | ||
| R3 | 34.84 | ** | 13 Jan YTD high | S2 | 34.00 | ** | congestion | |
| R2 | 34.68 | * | Dec high | S3 | 33.80 | * | congestion | |
| R1 | 34.50 | * | congestion | S4 | 33.65 | * | Dec low |
Asterisk denotes strength of level
02:40 GMT - Further extend gains from the March low through the February/March highs at 34.25/34.32 to reach 34.45 high. Nearby see resistance at 34.50 where reaction can be expected to intraday and daily studies pushed deep into overbought areas. Also gains are seen corrective and expected to give way to fresh selling pressure later. Meanwhile, support at the 34.10/34.00 congestion area now underpin. Break here will open up room for pullback to support at the 33.80 congestion then the 33.65, December high. Below these will return focus to the March low 33.55 then the 33.50/37 February lows.