Published: 2026-05-04T03:14:06.000Z
Chart USD/THB Update: Consolidating at 32.50, room for lower later
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Settled back to consolidate around the 32.50 level following rejection from the 32.85 April high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | 23 Mar YTD high | S1 | 32.40 | * | congestion | |
| R3 | 32.90 | * | Oct high, congestion | S2 | 32.30 | * | congestion | |
| R2 | 32.85 | ** | 30 Apr high | S3 | 32.20 | * | congestion | |
| R1 | 32.60 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
03:10 GMT - Settled back to consolidate around the 32.50 level following rejection from the 32.85 April high. Pullback see support at the 32.40/32.30 congestion area where break will open up room for deeper pullback to retrace gains from the 31.74 low of 17 April to 32.20 congestion and 32.00 level. Meanwhile, resistance is lowered to 32.60 which is expected to cap and sustain losses from the 32.85 lower high. Clearance here, but not expected, will expose the critical resistance at the 32.90 and 33.05 highs to retest.