Published: 2025-06-06T02:57:23.000Z
Chart USD/THB Update: Extend consolidation above 32.50 support
Technical Analyst
2
Little change, as prices extend consolidation at 32.50 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion, 38.2% | S1 | 32.50 | * | congestion | |
| R3 | 33.25 | * | congestion | S2 | 32.37 | ** | 26 May YTD low | |
| R2 | 33.00/05 | * | congestion, Apr low | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.80/90 | * | congestion, 29 May high | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:50 GMT - Little change, as prices extend consolidation at 32.50 congestion. However, prices action keeps pressure on the downside from the 35.00 April high. Daily studies are tracking lower and highlights risk for break here to expose 32.37 low to retest. Below here will extend the broade losses from the November high and see room to the critical 32.14/32.08, 2024/2022 year lows. Meanwhile, resistance at the 32.80/32.90 congestion is expected to cap. Break here, if seen, will open up room to stronger corrective bounce to the 33.00/05 area.