Published: 2026-05-11T02:56:19.000Z
Chart USD/THB Update: Higher in consolidation
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Higher as prices extend bounce above support at the 32.00 congestion to consolidate losses from the 32.85, 30 April high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.90 | * | Oct high, congestion | S1 | 32.20 | * | congestion | |
| R3 | 32.80/85 | ** | congestion | S2 | 32.00 | * | congestion | |
| R2 | 32.60 | congestion | S3 | 31.90 | * | Feb high | ||
| R1 | 32.50 | * | congestion | S4 | 31.74 | ** | Apr low |
Asterisk denotes strength of level
02:45 GMT - Higher as prices extend bounce above support at the 32.00 congestion to consolidate losses from the 32.85, 30 April high. Consolidating is expected to give way to renewed selling pressure later and break of the 32.20 support and 32.00 level will open up room for retest of support at 31.90 then the 31.74, April low. Below the latter will see deeper pullback to retrace the January/March rally towards strong support at the 31.70/31.60 area. Meanwhile, resistance remains at the 32.50/60 congestion which is expected to cap and sustain rejection from the 32.80/32.85 highs.