Published: 2025-10-01T02:55:22.000Z
Chart USD/THB Update: Extending gains
0
-
Break of the 32.30/32 area has seen gains to reach resistance at 32.45/50
| 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 | 32.45/50 | * | 3 Sep high, congestion | S4 | 31.76 | 22 Sep low |
Asterisk denotes strength of level
02:50 GMT - Break of the 32.30/32 area has seen gains to reach resistance at 32.45/50. Positive daily and weekly studies highlights potential for further gains to retrace losses from the April high to retest the 32.56 and 32.68, 22 August highs. Clearance here will open up room for stronger gains to 32.88, 1 August high. Meanwhile, support is raised to the 32.30 June low and congestion area which should underpin. Would take break here and the 32.10 support to return focus to the downside.