Published: 2026-05-20T03:09:46.000Z
Chart USD/THB Update: Poised below 32.80/85 resistance
1
Consoldating beneath resistance at the 32.80/85 congestion but pressure remains on the upside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.20 | * | congestion | S1 | 32.50/40 | ** | congestion | |
| R3 | 33.05 | ** | 23 Mar YTD high | S2 | 32.20 | * | congestion | |
| R2 | 32.90 | * | Oct high | S3 | 32.03 | ** | 6 May low | |
| R1 | 32.80/85 | ** | congestion | S4 | 31.90 | * | Feb high |
Asterisk denotes strength of level
03:00 GMT - Consoldating beneath resistance at the 32.80/85 congestion but pressure remains on the upside. Break here will return focus to the 32.90 October high and see potential for extension to retest 33.05, 23 March current year high. Break here will further extend gains from the January low to further retrace losses from the 35.00, April 2025 year high. Meanwhile, support is raised to the 32.50/40 congestion area which should underpin and sustain gains from the 32.03 low.