Published: 2025-06-23T03:22:52.000Z
Chart USD/THB Update: Extending gains
Technical Analyst
-
Consolidation below the 32.95 high has given way to break to further extend strong gains from the 32.31 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion, 12 May high | S1 | 32.80 | * | congestion | |
| R3 | 33.37 | * | Feb low | S2 | 32.61 | * | 19 Jun low | |
| R2 | 33.25 | * | congestion | S3 | 32.50 | * | congestion | |
| R1 | 33.00/05 | ** | congestion, Apr low | S4 | 32.31 | ** | 13 Jun YTD low |
Asterisk denotes strength of level
03:15 GMT - Consolidation below the 32.95 high has given way to break to further extend strong gains from the 32.31 low. Prices have turned up to pressure resistance at 33.00/05 with positive daily studies suggesting scope for break to see stronger gains to retrace losses from the 35.00 April YTD high. Clearance will see scope to the 33.25 congestion then the strong resistance at 33.37/33.50 area. Meanwhile, support is raised to the 32.80 congestion which should underpin and sustain gains from the 32.31, 13 June current year low.