Published: 2025-08-26T02:43:06.000Z
Chart USD/THB Update: Consolidating at 32.30 support, room for lower later
Technical Analyst
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Little change, as prices extend consolidaion above the 32.30 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.30 | * | Jun low | |
| R3 | 32.75 | * | congestion | S2 | 32.23 | ** | 14 Aug low | |
| R2 | 32.68 | ** | 22 Aug high | S3 | 32.10 | ** | 24 Jul YTD low | |
| R1 | 32.60 | * | congestion | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:45 GMT - Little change, as prices extend consolidaion above the 32.30 support. However, the negative daily studies suggest consolidation giving way to break later to retest the 32.23 support then the 32.10, July current year low. Break here and the 2022 year low at 32.08 will extend the broader losses from the 38.46, 2022 year high. Meanwhile, resistance is lowered to the 32.50/32.60 congestion area which is expected to cap and sustain losses from the 32.68 lower high.