Published: 2025-05-28T03:04:48.000Z
Chart USD/THB Update: Extending bounce from 32.37 low
Technical Analyst
1
Consolidation above the 32.35 support has given way to stronger bounce as prices unwind the oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion, 38.2% | S1 | 32.56 | * | 6 May low | |
| R3 | 33.25 | * | congestion | S2 | 32.37 | ** | 26 May YTD low | |
| R2 | 33.00/05 | * | congestion, Apr low | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.80 | congestion | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
03:00 GMT - Consolidation above the 32.35 support has given way to stronger bounce as prices unwind the oversold daily studies. Bounce see resistance starting at 32.80 congestion and clearance here will open up room for stronger bounce to retrace losses from the 33.50 resistance. Higher will see room to strong resistance at the 33.00/05 figure and April low which is expected to cap. Break here, if seen, will open up room for retest of 33.25/33.50 resistance. Meanwhile, resistance is raised to 32.56 early-May low then the 32.37, Monday's current year low.