Published: 2025-07-09T02:45:42.000Z
Chart USD/THB Update: Consolidating, room for higher later
Technical Analyst
1
Little change, as prices consolidate test of the 32.65 resistance following bounce from 32.30 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.25 | * | congestion | S1 | 32.50 | * | congestion | |
| R3 | 33.05 | ** | Apr low | S2 | 32.30 | ** | 3 Jul YTD low | |
| R2 | 32.80 | * | congestion | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.65 | * | congestion | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:40 GMT - Little change, as prices consolidate test of the 32.65 resistance following bounce from 32.30 low. Daily studies remains oversold and suggest room for stronger bounce to retrace losses from the April high. Clearance will open up scope to the 32.80 congestion. Beyond this, if seen, will open up the 33.05 June high to retest. Meanwhile, support is raised to 32.5 congestion which is expected to underpin. Break here will expose the 32.30 low to retest and see room to extend the broader losses from the November high to the 32.14/32.08, September 2024 and February 2022 year lows.