Published: 2026-05-05T03:01:28.000Z
Chart USD/THB Update: Extending bounce from April low
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Consolidation around the 32.50 level has given way to extension of gains from the April low to approach the 32.85 April high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.42 | * | 61.8% 2025/Jan fall | S1 | 32.50 | * | congestion | |
| R3 | 33.05 | ** | 23 Mar YTD high | S2 | 32.30 | * | congestion | |
| R2 | 32.90 | * | Oct high, congestion | S3 | 32.20 | * | congestion | |
| R1 | 32.85 | ** | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Consolidation around the 32.50 level has given way to extension of gains from the April low to approach the 32.85 April high. Clearance here will expose strong resistance at 32.90 congestion and 33.05 current year high of 23 March to retest. Break here, if seen, will open up room for stronger gains to retrace losses from the April 2025 year high. Meanwhile, support is raised to the 32.50/32.30 congestion area. Would take break here to ease the upside pressure and see room for deeper pullback to retrace gains from the 31.74 April low.