Published: 2025-12-23T03:09:30.000Z
Chart USD/THB Update: Extending losses
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Sharply lower as prices extend losses from the 32.90 October swing high through the 31.36 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.00 | * | figure | S1 | 31.00 | ** | figure, congestion | |
| R3 | 31.80 | * | congestion | S2 | 30.80 | * | Jun 2020 low | |
| R2 | 31.58/60 | ** | Sep low, congestion | S3 | 30.60 | * | congestion | |
| R1 | 31.36 | * | 18 Dec low | S4 | 30.51 | * | 12 Mar low |
Asterisk denotes strength of level
03:00 GMT - Sharply lower as prices extend losses from the 32.90 October swing high through the 31.36 low of last week. Losses see the 31.00 level now within reach and where reaction can be expected to unwind the deep oversold daily and weekly studies. Break here, if seen, will see further slide to the 30.80/30.60 congestion area. Meanwhile, resistance is lowered to 31.36 low of last week. Above here will ease the downside pressure and see room for stronger corrective bounce to strong resistance at the 31.58/31.60, September low and congestion area.