Published: 2025-06-24T03:19:19.000Z
Chart USD/THB Update: Under pressure
Technical Analyst
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Corrective gains saw extension to the 33.00/05 resistance before coming under selling pressure
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.37 | * | Feb low | S1 | 32.61 | * | 19 Jun low | |
| R3 | 33.25 | * | congestion | S2 | 32.50 | * | congestion | |
| R2 | 33.05 | ** | Apr low | S3 | 32.31 | ** | 13 Jun YTD low | |
| R1 | 32.80 | * | congestion | S4 | 32.14 | ** | Sep 2024 year low |
Asterisk denotes strength of level
03:15 GMT - Corrective gains saw extension to the 33.00/05 resistance before coming under selling pressure. Rejection there to break below 32.80 congestion see pressure returning to the downside as daily studies unwind overbought daily readings. Scope is seen for pullback to 32.61 support then the 32.50 congestion. Below this will expose 32.31 surrent year low to retest and where break will turn focus to the 32.14, 2024 year low. Meanwhile, resistance is lowered to the 32.80 congestion which is expected to cap sustain rejection from the 33.05 high.