Published: 2025-12-15T03:23:31.000Z
Chart USD/THB Update: Under pressure
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Break of the September low at 31.58 has seen extension to reach fresh year low at 31.50
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.10 | ** | Jul low | S1 | 31.50 | * | congestion | |
| R3 | 32.00 | * | congestion | S2 | 31.30 | * | congestion | |
| R2 | 31.80 | * | congestion | S3 | 31.00 | * | figure, congestion | |
| R1 | 31.58/60 | * | Sep low, congestion | S4 | 30.80 | * | congestion |
Asterisk denotes strength of level
03:20 GMT - Break of the September low at 31.58 has seen extension to reach fresh year low at 31.50. Consolidation here see prices unwinding oversold intraday studies but negative daily and weekly studies weighs and suggest scope for break to extend the broader losses from the 2022 year high. Lower will see room to support at the 31.30 congestion and the 31.00 level. Meanwhile, resistance is lowered to 31.58/60, September low and congestion. Would need lift over this ease the downside pressure and see room for stronger bounce to strong resistance at the 331.80/32.00 congestion.