Published: 2025-08-29T02:35:54.000Z
Chart USD/THB Update: Under pressure, focus on 32.23/32.10 lows
Technical Analyst
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Under pressure, as consolidation above support at the 32.30 congestion gives way to selling pressure
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.23 | * | 14 Aug low | |
| R3 | 32.75 | * | congestion | S2 | 32.10 | ** | 24 Jul YTD low | |
| R2 | 32.68 | ** | 22 Aug high | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50 | * | congestion | S4 | 32.00 | * | figure |
Asterisk denotes strength of level
02:30 GMT - Under pressure, as consolidation above support at the 32.30 congestion gives way to selling pressure to extend rejection from the 32.68 high of last week. Break expose the 32.23 and 32.10 lows to retest and below these will extend the broader losses from the 2022 year high. Lower will see room to 32.08 support and 32.00 level. Meanwhile, resistance at the 32.50/60 congestion area is expected to cap and sustain losses from the 32.68 lower high.