Published: 2025-10-31T03:05:14.000Z
Chart USD/THB Update: Consolidating test of 32.30 support, room for lower
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Turned up from the 32.30 support as prices consolidate sharp drop from resistance at the 32.88 August high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.00/05 | ** | congestion, Jun high | S1 | 32.30 | ** | Jun low, congestion | |
| R3 | 32.88 | ** | 1 Aug high, congestion | S2 | 32.10 | ** | Jul low | |
| R2 | 32.68 | * | 22 Aug high | S3 | 32.00 | * | figure | |
| R1 | 32.50 | * | congestion | S4 | 31.76 | 22 Sep low |
Asterisk denotes strength of level
03:00 GMT - Turned up from the 32.30 support as prices consolidate sharp drop from resistance at the 32.88 August high and unwind oversold intraday studies. However, negative daily studies highlight risk for break later to open up room for deeper pullback to retrace gains from the 31.58, September low. Lower will see room to the strong support at the 32.10/32.00, July low and congestion area. Meanwhile, resistance at the 32.50 congestion is expected to cap and sustain losses from the 32.88 resistance.