Published: 2025-08-28T02:55:32.000Z
Chart USD/THB Update: Extend consolidation above 32.30
Technical Analyst
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Little change, as prices extend consolidation above the 32.30 low of last week following rejection from the 32.68 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.30 | * | Jun low | |
| R3 | 32.75 | * | congestion | S2 | 32.23 | ** | 14 Aug low | |
| R2 | 32.68 | ** | 22 Aug high | S3 | 32.10 | ** | 24 Jul YTD low | |
| R1 | 32.60 | * | congestion | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:50 GMT - Little change, as prices extend consolidation above the 32.30 low of last week following rejection from the 32.68 high. Negative daily studies suggest consolidation giving way to break of the 32.30 low later to expose the 32.23 and 32.10 lows to retest. Break of these will extend the broader losses from the 2022 year high. Lower will see room to 32.08 support and 32.00 level. Meanwhile, resistance at the 32.50/60 congestion area is expected to cap. Clearance needed to expose the 32.68 high to retest.