Published: 2026-05-06T02:54:44.000Z
Chart USD/THB Update: Consolidating, room for lower later
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Settled back to consolidate around the 32.50 level after bounce attempt met with selling pressure beneath the 32.85 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | 23 Mar YTD high | S1 | 32.50 | * | congestion | |
| R3 | 32.90 | * | Oct high, congestion | S2 | 32.30 | * | congestion | |
| R2 | 32.80/85 | ** | congestion | S3 | 32.20 | * | congestion | |
| R1 | 32.60 | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Settled back to consolidate around the 32.50 level after bounce attempt met with selling pressure beneath the 32.85 resistance. Below the 32.50 congestion will open up room for deeper pullback to retrace gains from the 31.74 April low to support at the 32.30/32.20 congestion area. Lower still, will see room to the 32.00 level and 31.90 support. Meanwhile, resistance is lowered to the 32.60 congestion which is expected to cap and sustain rejection from the 32.80 and 32.85 highs.