Published: 2025-10-24T02:58:54.000Z
Chart USD/THB Update: Consolidating test of 32.88, August high
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Consolidating test of the 32.88 August high but further gains not ruled out to extend gains from the 31.58, September low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.37 | * | Feb low | S1 | 32.68 | * | 22 Aug high, congestion | |
| R3 | 33.29 | * | 50% Apr/Sep fall | S2 | 32.50 | * | congestion | |
| R2 | 33.00/05 | ** | congestion, Jun high | S3 | 32.30 | ** | Jun low, congestion | |
| R1 | 32.88 | * | Aug high | S4 | 32.10 | * | Jul low |
Asterisk denotes strength of level
02:50 GMT - Consolidating test of the 32.88 August high but further gains not ruled out to extend gains from the 31.58, September low. Higher will further retrace losses from the April high to target strong resistance at the 33.00/05 congestion and June high where reaction can be expected. Clearance here, will see room to 33.29, 50% Fibonacci level. Meanwhile, support is at the 32.68 high of 22 August and extending to 32.50 congestion which is expected to underpin. Below this will return focus to the downside for retest of 32.30/32.10 area.