Published: 2026-07-14T02:30:11.000Z
Chart USD/THB Update: Still bullish but stretched
1
Bounce from the 33.25 Friday's low see prices back to retest the 33.54 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.00 | * | 76.4% 2025/2026 fall | S1 | 33.25 | 10 Jul low | ||
| R3 | 33.77 | * | 28 Apr 2025 high | S2 | 33.12 | ** | 3 Jul low | |
| R2 | 33.65 | * | May 2025 high | S3 | 33.00/05 | ** | congestion, Mar high | |
| R1 | 33.54 | ** | 8 Jul YTD high | S4 | 32.90 | * | Oct high |
Asterisk denotes strength of level
02:20 GMT - Bounce from the 33.25 Friday's low see prices back to retest the 33.54 high. Bullish structure keep focus on the upside and higher will see room for extension to 33.65/33.77, May/late-April 2025 highs. However, stretched daily and weekly studies caution corrective pullback with support starting at the 33.25/33.12 lows. Would take break here to confirm a top in place at the 33.48/33.54 highs and see room for deeper pullback to retrace gains from the 31.74 April swing low to support at the 33.00 level then the 32.90/32.80 October high and congestion area.