Published: 2025-03-20T02:37:00.000Z
Chart USD/THB Update: Consolidating test of 33.55/50 support
Technical Analyst
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Little change, as prices consolidate test of the 33.55/33.50 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.32 | ** | 3 Mar high | S1 | 33.50 | * | 5 Feb low | |
| R3 | 34.25 | * | 12 Feb high | S2 | 33.37 | ** | 24 Feb YTD low | |
| R2 | 34.00 | ** | congestion | S3 | 33.30 | * | 61.8% Sep/Nov rally | |
| R1 | 33.80 | * | congestion | S4 | 33.08 | * | 18 Oct low |
Asterisk denotes strength of level
02:30 GMT - Little change, as prices consolidate test of the 33.55/33.50 support as prices unwind the oversold daily studies. Would take break here to expose the 33.37 February YTD low to retest. Below this will extend the broader losses from November high at 35.17 to retrace gains from the September low. Lower will see room to the 33.30, 61.8% Fibonacci level. Lower still, will turn focus to the 33.08, 18 October low. Meanwhile, resistance is at the 33.80 congestion which is expected to cap and sustain losses from the 34.00 congestion.