Published: 2026-02-27T02:53:31.000Z
Chart USD/THB Update: Consolidating, but still heavy
-
Little change, as prices extend consolidation above the 31.00 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 31.80 | * | congestion | S1 | 31.00 | * | Dec low | |
| R3 | 31.70 | * | congestion | S2 | 30.86 | ** | 28 Jan YD low | |
| R2 | 31.58/60 | ** | Sep low, congestion | S3 | 30.80 | * | congestion | |
| R1 | 31.40 | * | congestion | S4 | 30.65 | * | 18 Mar 2021 low |
Asterisk denotes strength of level
02:50 GMT - Little change, as prices extend consolidation above the 31.00 level. However, negative daily and weekly studies keep pressure on the downside and break here will expose the 30.86 January current year low to retest. Below this will extend the broader losses from the October 2022 year high and see extension to the support at the 30.80 congestion and 30.65/30.50 area. Meanwhile, resistance at the 31.20/31.40 congestion area is expected to cap and sustain losses from the 31.88, 6 February swing high.