Published: 2025-05-06T02:50:55.000Z
Chart USD/THB Update: Consolidating above 32.82, fresh year low
Technical Analyst
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No follow-through on break of the 33.00/32.85 support as prices consolidate losses to fresh year low at 32.82
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.65 | ** | Dec low | S1 | 32.85 | * | 3 Oct low | |
| R3 | 33.50 | ** | congestion | S2 | 32.56/50 | * | 2023 year low, congestion | |
| R2 | 33.40 | * | congestion | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 33.25 | * | 29 Apr low | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:50 GMT - No follow-through on break of the 33.00/32.85 support as prices consolidate losses to fresh year low at 32.82. Bounce here see prices unwinding the stretched intraday studies but the negative daily studies points to further losses ahead. Lower will see room to the strong support at the 32.56/32.50, 2023 year low and congestion. Below this will see potential for retest of 32.14 and 32.08, 2024 and 2022 year lows. Meanwhile, resistance is lowered to the 33.25 and 33.40 congestion area. Above here will open up room for stronger bounce to the 33.50/33.65, congestion and December low.