Published: 2025-10-23T03:12:40.000Z
Chart USD/THB Update: Extending gains
1
Choppy trade above the 32.50 support see prices extending gains to reach resistance at the 32.88, August high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.37 | * | Feb low | S1 | 32.68 | * | 22 Aug high, congestion | |
| R3 | 33.29 | * | 50% Apr/Sep fall | S2 | 32.50 | * | congestion | |
| R2 | 33.00/05 | ** | congestion, Jun high | S3 | 32.30 | ** | Jun low, congestion | |
| R1 | 32.88 | * | Aug high | S4 | 32.10 | * | Jul low |
Asterisk denotes strength of level
03:00 GMT - Choppy trade above the 32.50 support see prices extending gains to reach resistance at the 32.88, August high. Break here will further extend gains from the 31.58 low and retrace losses from the April high to target the 33.00/05, congestion and June high. Would expect reaction here though a later break cannot be ruled out. Clearance will see room to 33.29, 50% Fibonacci level. Meanwhile, support is raised to the 32.68 high of 22 August and extending to 32.50 congestion which is expected to underpin. Below this will return focus to the downside for retest of 32.30/32.10 area.