Published: 2025-10-28T02:53:48.000Z
Chart USD/THB Update: Extending pullback from test of 32.88 resistance
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Extending pullback from test of the 32.88 August high as prices unwind overbought daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.37 | * | Feb low | S1 | 32.50 | * | congestion | |
| R3 | 33.29 | * | 50% Apr/Sep fall | S2 | 32.30 | ** | Jun low, congestion | |
| R2 | 33.00/05 | ** | congestion, Jun high | S3 | 32.10 | * | Jul low | |
| R1 | 32.88 | * | Aug high | S4 | 32.00 | * | figure |
Asterisk denotes strength of level
02:50 GMT - Extending pullback from test of the 32.88 August high as prices unwind overbought daily studies and retrace gains from the 31.58, September low. Below the 32.68 support opens up room for deeper pullback to support at the 32.50/32.42, congestion and 16 October low, which is expected to underpin. Break here will return focus to the downside and see room to strong support at the 32.30/32.10 area and July low. Meanwhile, resistance at the 32.88/32.91 highs now expected to cap.