Published: 2025-09-10T02:48:42.000Z
Chart USD/THB Update: Consolidating test of 31.60/50 support
Technical Analyst
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Sharply lower to extend break of the 32.10 July low and the 32.00 level to reach the 31.60/50 congestion area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.40/50 | * | congestion | S1 | 31.60 | * | Apr 2021 high | |
| R3 | 32.24 | * | Aug low | S2 | 31.50 | * | congestion | |
| R2 | 32.10/14 | ** | Jul, 2024 year lows | S3 | 31.20 | * | congestion | |
| R1 | 31.80 | * | congestion | S4 | 31.05 | * | Jun 2021 low |
Asterisk denotes strength of level
02:45 GMT - Sharply lower to extend break of the 32.10 July low and the 32.00 level to reach the 31.60/50 congestion area and support from April 2021. Bounce here see prices unwinding the oversold intraday studies but consolidation here expected to give way to renewed selling pressure later. Break here will see room for extension to the 31.20 congestion and 31.05, June 2021 low. Meanwhile, resistance is at 31.80 which extend to the 32.10/32.14, July and 2024 year lows, now expected to cap and sustain losses from the April high.