Published: 2025-06-20T03:06:11.000Z
Chart USD/THB Update: Room to extend corrective gains
Technical Analyst
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Settled back from the 32.95 bounce high as prices consolidate strong gains from the 32.31 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.37 | * | Feb low | S1 | 32.61 | * | 19 Jun low | |
| R3 | 33.25 | * | congestion | S2 | 32.50 | * | congestion | |
| R2 | 33.00/05 | ** | congestion, Apr low | S3 | 32.31 | ** | 13 Jun YTD low | |
| R1 | 32.95 | * | 19 Jun high | S4 | 32.14 | ** | Sep 2024 year low |
Asterisk denotes strength of level
03:00 GMT - Settled back from the 32.95 bounce high as prices consolidate strong gains from the 32.31 low of last week. Positive daily suggest room for further corrective gains later, higher will see scope to the 33.00/05 congestion and April low. The latter is expected to cap and give way to renewed selling pressure. Meanwhile, support is raised to the 32.61 Thursday's range low, now expected to underpin. Below here will expose the 32.37 and 32.31 lows to retest. Break will extend the broader losses from the 35.17, November high.