Published: 2025-06-05T02:59:14.000Z
Chart USD/THB Update: Weighing on 32.50 support
Technical Analyst
2
Extending consolidation at 32.50 congestion but pressure remains on the downside following rejection from 32.90 bounce high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion, 38.2% | S1 | 32.50 | * | congestion | |
| R3 | 33.25 | * | congestion | S2 | 32.37 | ** | 26 May YTD low | |
| R2 | 33.00/05 | * | congestion, Apr low | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.80/90 | * | congestion, 29 May high | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:50 GMT - Extending consolidation at 32.50 congestion but pressure remains on the downside following rejection from 32.90 bounce high. Negative daily studies highlights risk for break here to expose 32.37 low to retest. Below here will extend losses from the November high and see room to the critical 32.14/32.08, 2024/2022 year lows. Meanwhile, resistance at the 32.80/32.90 congestion is expected to cap. Break here, if seen, will open up room to stronger corrective bounce to the 33.00/05 area.