Published: 2025-10-10T03:09:52.000Z
Chart USD/THB Update: Consolidating, room for higher later
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Extension above the 32.68 resistance has seen gains to reach 32.82 high
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 33.25 | congestion | S1 | 32.68 | * | 21 Aug high | ||
R3 | 33.00/05 | ** | congestion, Jun high | S2 | 32.50 | ** | congestion | |
R2 | 32.88 | ** | 6 May low, 38.2% | S3 | 32.30 | ** | Jun low, congestion | |
R1 | 32.82 | * | 9 Oct high | S4 | 32.10 | * | Jul low |
Asterisk denotes strength of level
03:00 GMT - Extension above the 32.68 resistance has seen gains to reach 32.82 high. Pause here see prices unwinding overbought intraday and daily studies. However, positive weekly studies suggest scope for further gains later to retrace the April/September losses. Higher will see room to strong resistance at the 32.68 and 32.88, August highs. Meanwhile, support is raised to 32.68 then the 32.50 congestion which should underpin. Break here will fade the upside pressure and open up room for pullback to 32.30/32.10 area.