Published: 2025-05-16T02:41:09.000Z
Chart USD/THB Update: Lower in range
Technical Analyst
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Lower within the Monday's range as the 33.50 congestion caps bounce from the 32.56 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.77 | * | 28 Apr high, 50% | S1 | 33.05/00 | ** | 21 Apr low, congestion | |
| R3 | 33.65 | ** | Dec low | S2 | 32.80 | * | congestion | |
| R2 | 33.50 | ** | congestion, 38.2% | S3 | 32.56 | ** | 2023, 6 May YTD lows | |
| R1 | 33.25 | * | 29 Apr low | S4 | 32.14 | ** | Sep 2024 year low |
Asterisk denotes strength of level
02:30 GMT - Lower within the Monday's range as the 33.50 congestion caps bounce from the 32.56 low. Focus return to support at the 33.05/33.00 congestion area where break will open up support at the 32.80 congestion and 32.56, 6th May YTD low to retest. Below the latter will shift focus to the September 2024 year low at 32.14. Break here will extend the underlying bear trend from 2022 year high. Meanwhile, resistance is lowered to 33.25 congestion which is expexted to cap and sustain rejection from the 33.50 resistance.