Published: 2026-03-17T03:04:28.000Z
Chart USD/THB Update: Consolidating, but room for higher
-
Settled back from fresh year high at 32.55 as prices consolidate gains the 31.41 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.91/93 | ** | Oct high, 50% | S1 | 32.20 | * | congestion | |
| R3 | 32.80 | * | congestion | S2 | 32.00 | * | congestion | |
| R2 | 32.63 | * | Nov high | S3 | 31.89 | ** | Feb high | |
| R1 | 32.55 | * | 16 Mar YTD high | S4 | 31.70 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Settled back from fresh year high at 32.55 as prices consolidate gains the 31.41 low of last week. Intraday and daily studies are stretched but further gains cannot be ruled out. Break above 32.55 high will see room for extension to 32.63 November high and 32.80 congestion. Beyond this will see room to retest the 32.91/32.93, October high and 50% Fibonacci level. Meanwhile, support is at the 32.20 congestion. Would take break here to open up room for deeper pullback to strong support at 31.89 which is expected to underpin.