Published: 2025-08-15T02:59:43.000Z
Chart USD/THB Update: Extend choppy trade within the 32.50/32.30 range
Technical Analyst
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No follow-through on break of support at the 32.30 June low as prices unwind oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | Jun high | S1 | 32.30 | * | Jun low | |
| R3 | 32.88 | ** | 1 Aug high | S2 | 32.10 | ** | 24 Jul YTD low | |
| R2 | 32.75 | * | congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - No follow-through on break of support at the 32.30 June low as prices unwind oversold daily studies. Pressure return to resistance at the 32.50 congestion and clearance here will open up room for retest of the 32.60/32.75 resistance. Break here, if seen, will expose the 32.88 high to retest. However, corrective gains are expected to give way to renewed selling pressure later. Below 32.30 will expose the 32.10 current year low to retest and see scope to extend the broader losses from 2022 year high to the to retest the 32.08 support and the 32.00 level.