Published: 2025-10-06T03:00:24.000Z
Chart USD/THB Update: Consolidating test of 32.50 resistance
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Settling back from test of the 32.50 resistance as prices consolidate strong gains from the 31.60/31.58, September lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.30 | * | Jun low, congestion | |
| R3 | 32.68 | ** | 22 Aug high | S2 | 32.10 | ** | Jul low | |
| R2 | 32.56 | * | 6 May low | S3 | 32.00 | * | figure | |
| R1 | 32.50 | * | congestion | S4 | 31.76 | 22 Sep low |
Asterisk denotes strength of level
02:50 GMT - Settling back from test of the 32.50 resistance as prices consolidate strong gains from the 31.60/31.58, September lows. Daily studies are stretched and suggest scope for corrective pullback to the retest support at 32.30 and 32.10. This area is expected to underpin and consolidation expected to give way to renewed buying interest later. A later clearance of the 32.50 high will open up room for stronger gains to retrace the April/September losses to strong resistance at 32.68 and 32.88, August highs.