Published: 2026-01-16T03:01:05.000Z
Chart USD/THB Update: Lower in consolidation below 31.58 resistance
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Little change, as prices settled back from test of the 31.50/58 resistance
| 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
02:50 GMT - Little change, as prices settled back from test of the 31.50/58 resistance following bounce from the 31.16 support. Choppy trade from the 31.00 late-December low within a narrowing range see prices tracing out a 3-week triangle pattern to threaten break of the 31.16 and 31.00 support to extend losses from the 32.90, October swing high. Break will extend the broader losses from the September 2022 year high and see room for extension to support at the 30.80/30.60 congstion area. Meanwhile, resistance at the 31.58 and 31.70 highs now expected to cap.