Published: 2026-01-22T03:14:32.000Z
Chart USD/THB Update: Back in choppy trade above 31.00
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No follow-through on break of the 31.00 level and bounce from the 30.88 low see prices unwinding oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 31.80 | congestion | S1 | 31.00 | ** | Dec 2025 year low | ||
| R3 | 31.70 | ** | 29 Dec high | S2 | 30.80 | * | Jun 2020 low | |
| R2 | 31.58 | * | Sep low | S3 | 30.60 | * | congestion | |
| R1 | 31.40 | * | congestion | S4 | 30.53/50 | ** | Feb 2021 high, congestion |
Asterisk denotes strength of level
03:00 GMT - No follow-through on break of the 31.00 level and bounce from the 30.88 low see prices unwinding oversold daily studies. Nearby see resistance at 31.40 and clearance here will expose strong resistance at 31.58 and 31.70 to retest. This area is expected to cap and give way to renewed selling pressure later to retest support at 31.16 and 31.00 level. Break of these and the 30.88 low will further extend the broader losses from the 2022 year high to support at the 30.80/30.60 congestion area.