Published: 2026-04-22T02:55:00.000Z
Chart USD/THB Update: Extending corrective bounce from 31.74 low
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Extending bounce from above the 31.70 support to reach resistance at the 32.20 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.70 | * | congestion | S1 | 31.90 | ** | Feb high | |
| R3 | 32.60 | * | congestion | S2 | 31.70 | * | 61.8% Jan/Mar rally | |
| R2 | 32.40/50 | ** | congestion | S3 | 31.60/58 | ** | congestion, 2025 yr low | |
| R1 | 32.20 | * | congestion | S4 | 31.50 | congestion |
Asterisk denotes strength of level
02:50 GMT - Extending bounce from above the 31.70 support to reach resistance at the 32.20 congestion. Higher will further retrace losses from the 33.05 March current year high and see room to strong resistance at the 32.40/50 congestion. Corrective bounce is expected to give way renewed selling pressure later and break of the 31.90 support will further retrace the January/March rally and see room to 31.70, 61.8% Fibonacci retracement. Lower still, will see extension to strong support at the 31.60/31.58, congestion and 2025 year low.