Published: 2025-07-24T03:00:31.000Z
Chart USD/THB Update: Weighing on 32.14/32.08, 2024/2022 year lows
Technical Analyst
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Prices remains under pressure to reach 32.14/32.08 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | Jun high | S1 | 32.14 | ** | Sep 2024 year low | |
| R3 | 32.75/80 | ** | 9 Jul high, congestion | S2 | 32.08 | ** | Feb 2022 year low | |
| R2 | 32.50 | * | congestion | S3 | 32.00 | * | congestion | |
| R1 | 32.30 | * | congestion | S4 | 31.80 | * | 76.4% 2020/2022 rally |
Asterisk denotes strength of level
02:50 GMT - Prices remains under pressure and break to fresh low below September 2024 year low extend the broader losses from the September 2022 high. Nearby see room to the 32.08, February 2022 year low. Lower still, will see room to 32.00 congestion and 31.80, 76.4% Fibonacci level. Meanwhile, resistance is lowered to 32.30 congestion which is expected to cap. Would take break of these to ease the downside pressure and open up room for retest of 32.50 congestion.