Published: 2025-09-17T03:05:00.000Z
Chart USD/THB Update: Extend consolidation above 31.58 low
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Remains above the 31.58 low as prices consolidate losses from the August high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.24 | * | Aug low | S1 | 31.58 | ** | 9 Sep YTD low | |
| R3 | 32.10/14 | ** | Jul, 2024 year lows | S2 | 31.50 | * | congestion | |
| R2 | 32.00 | * | congestion | S3 | 31.20 | * | congestion | |
| R1 | 31.80 | congestion | S4 | 31.05 | * | Jun 2021 low |
Asterisk denotes strength of level
03:00 GMT - Remains above the 31.58 low as prices consolidate losses from the August high. However, shallow bounce keeps pressure on the downside and see risk for break to extend the broader losses from the September 2022 year high. Break of the 31.58 low and the 31.50 congestion will see extension to support at the 31.20 congestion and 31.05, June 2021 low. Meanwhile, resistance is at 32.00 level and extending to 32.10/32.14, the July and 2024 year lows, expected to cap and sustain losses from the 35.00, April current year high.