Published: 2025-12-03T02:40:55.000Z
Chart USD/THB Update: Consolidating, but still heavy
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Edged up from the 31.90 low as prices consolidate losses from the 32.50 high of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.50 | ** | congestion | S1 | 31.76 | * | 22 Sep low | |
| R3 | 32.30 | ** | congestion | S2 | 31.58 | ** | 9 Sep YTD low | |
| R2 | 32.23 | * | Oct low | S3 | 31.50 | * | congestion | |
| R1 | 32.10 | * | Jul low | S4 | 31.30 | congestion |
Asterisk denotes strength of level
02:35 GMT - Edged up from the 31.90 low as prices consolidate losses from the 32.50 high of last week and unwind oversold intraday and daily studies. However, pressure remains on the downside and consolidation is expected to give way to renewed selling pressure later. Below 31.90 low will see room to 31.76 support then the 31.58, September current year low. Below these will extend the broader losses from the 2022 year high. Meanwhile, resistance is at the 32.10, July low. Regaining this, if seen, will see room for stronger bounce to resistance at the 32.23/32.30 area which is expected to cap.