Published: 2025-09-08T02:54:24.000Z
Chart USD/THB Update: Under pressure
Technical Analyst
-
Break of support at 32.24 has seen extension through the July low at 32.10 to reach fresh year low at 32.02
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.75 | * | congestion | S1 | 32.02 | ** | 5 Sep YTD low | |
| R3 | 32.68 | ** | 22 Aug high | S2 | 32.00 | * | figure | |
| R2 | 32.40/50 | * | congestion | S3 | 31.80 | * | congestion | |
| R1 | 32.24 | ** | Aug low | S4 | 31.60 | * | Apr 2021 high |
Asterisk denotes strength of level
02:45 GMT - Break of support at 32.24 has seen extension through the July low at 32.10 to reach fresh year low at 32.02. Consolidation here see prices unwinding oversold intraday studies but this is expected to give way to renewed selling pressure later. Below the 32.00 figure will extend the broader losses from the 2022 year high to the 31.80 congestion and 31.60, high of April 2021. Meanwhile, resistance is lowered to the 32.24/32.26 low of August which is expected to cap and sustain losses from the 32.68/32.88, August highs.