Published: 2026-01-20T02:49:55.000Z
Chart USD/THB Update: Under pressure, 31.16 support at risk
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Lower in choppy trade following rejection from resistance at the 31.50/58 area to threaten retest of the 31.16 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 31.80 | * | congestion | S1 | 31.16 | * | 6 Jan low | |
| R3 | 31.70 | ** | 29 Dec high | S2 | 31.00 | ** | 26 Dec 2025 year low | |
| R2 | 31.58 | * | Sep low | S3 | 30.80 | * | Jun 2020 low | |
| R1 | 31.40 | * | congestion | S4 | 30.60 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Lower in choppy trade following rejection from resistance at the 31.50/58 area to threaten retest of the 31.16 support. Below this will expose the 31.00 low to retest and where break will extend the broader losses from the September 2022 year high and see room for extension to support at the 30.80/30.60 congestion area. Meanwhile, resistance is lowered to 31.40 congestion. This is expected to cap and sustain losses from the 31.58 and 31.70 lower highs. Clearance here needed to open up room for stronger gains to retrace the October/December losses.