Published: 2025-09-02T02:50:55.000Z
Chart USD/THB Update: Under pressure
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Range-bound in consolidation above the 32.26/24 lows but pressure remains on the downside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.24 | * | Aug low | |
| R3 | 32.75 | * | congestion | S2 | 32.10 | ** | 24 Jul YTD low | |
| R2 | 32.68 | ** | 22 Aug high | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.40/50 | * | congestion | S4 | 32.00 | * | figure |
Asterisk denotes strength of level
02:25 GMT - Range-bound in consolidation above the 32.26/24 lows but pressure remains on the downside and see risk for break to extend losses from resistance at the 32.68 swing high. Lower will see room for retest of 32.10, July current year low. Below this will extend the broader losses from the 2022 year high and see extension to nearby support at 32.08 and the 32.00 figure. Meanwhile, resistance is lowered to the 32.40/50 congestion area is expected to cap and sustain losses from the 32.68 swing high.