Published: 2026-03-09T03:15:20.000Z
Chart USD/THB Update: Extending gains
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Consolidation below the 32.00 level has given way to break to further retrace losses from the October high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.63 | * | Nov high | S1 | 31.89 | ** | Feb high | |
| R3 | 32.50 | * | congestion | S2 | 31.70 | congestion | ||
| R2 | 32.42 | * | 76.4% Oct/Jan fall | S3 | 31.58 | * | Sep low | |
| R1 | 32.20/23 | ** | congestion, Oct low | S4 | 31.40 | ** | 17 Feb high |
Asterisk denotes strength of level
03:10 GMT - Consolidation below the 32.00 level has given way to break to further retrace losses from the October high. Extension to fresh high see prices falling just shy of strong resistance at the 32.20/23 congestion and low of October. Daily and weekly studies are tracking higher and suggest scope for break later to open up room to 32.42, 76.4% Fibonacci level, and the 32.50 congestion. Meanwhile, support is raised to the February high at 31.89 which should now underping. Only below here will ease the upside pressure and see room for pullback to support at the 31.70/31.58 area.