Published: 2026-07-16T02:34:57.000Z
Chart USD/THB Update: Break to fresh year high
1
Consolidation at 33.50 has given way to break to reach fresh year high 33.65
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.30 | congestion | S1 | 33.50 | * | congestion | ||
| R3 | 34.00 | * | 76.4% 2025/2026 fall | S2 | 33.25 | * | 10 Jul low | |
| R2 | 33.77 | * | 28 Apr 2025 high | S3 | 33.12 | ** | 3 Jul low | |
| R1 | 33.65 | * | May 2025 high | S4 | 33.00/05 | ** | congestion, Mar high |
Asterisk denotes strength of level
02:30 GMT - Consolidation at 33.50 has given way to break to reach fresh year high at 33.65. Bullish gains from the April low keep focus on the upside and higher will see room for extension to 33.77/34.00, 28 April 2025 high and 76.4% Fibonacci level. However, stretched daily and weekly studies caution corrective pullback with support starting at the 33.50 congestion. Would take break here to open up room for deeper pullback to strong support at the 33.25/33.12 area which should underpin. Only below here will fade the upside pressure and see room for deeper pullback to retrace gains from the 31.74 April swing low.