Published: 2025-04-17T02:56:41.000Z
Chart USD/THB Update: Consolidating at 33.08 support
Technical Analyst
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Break of the 33.37 low has seen sharp losses to the 33.08 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.00 | * | congestion | S1 | 33.08 | * | 18 Oct low | |
| R3 | 33.65 | ** | Dec low | S2 | 33.00 | * | congestion | |
| R2 | 33.50 | * | congestion | S3 | 32.85 | * | 3 Oct low | |
| R1 | 33.37 | * | 24 Feb low | S4 | 32.50 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Break of the 33.37 low has seen sharp losses to the 33.08 support. Below this will see room to the 33.00 level but deep oversold intraday and daily studies suggest this keeping out of reach and scope seen for corrective bounce to retrace steep drop from the 35.00 level. Resistance is lowered to the 33.37 February low and clearance here will open up room for stronger bounce to the 33.50/33.65, congestion and December low. Break of the 33.08/00 area will turn focus to the 2023 and 2024 year lows at 32.56 and 32.14.