Published: 2026-07-28T04:29:05.000Z
Chart USD/THB Update: Consolidating, room for deeper pullback later
1
Bounce above the 33.50/33.48 support see prices consolidating losses from the 33.87 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.10 | * | Dec 2023 low | S1 | 33.50 | * | congestion | |
| R3 | 34.00 | * | 76.4% 2025/2026 fall | S2 | 33.25 | 10 Jul low | ||
| R2 | 33.87 | * | 23 Jul YTD high | S3 | 33.12 | ** | 3 Jul low | |
| R1 | 33.70 | 27 Jul high | S4 | 33.00/05 | ** | congestion, Mar high |
Asterisk denotes strength of level
04:20 GMT - Bounce above the 33.50/33.48 support see prices consolidating losses from the 33.87 high. Daily studies are unwind overbought readings and suggest consolidation giving way to deeper pullback later to correct strong gains from the 31.74, April low. Break of the 33.50/33.48 congestion and June high will fade the upside pressure and open up room to support at 33.25 then the 33.12, 3 July low. Meanwhile, resistance at the 33.65/33.70 area is expected to cap and sustain losses from the 33.87 high.