Published: 2025-08-08T02:36:14.000Z
Chart USD/THB Update: Consolidating at 32.30 support
Technical Analyst
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No follow-through on break of the 32.30 June low as prices edged up in consolidation from the 32.25 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | Jun high | S1 | 32.30 | * | Jun low | |
| R3 | 32.88 | ** | 1 Aug high | S2 | 32.10 | ** | 24 Jul YTD low | |
| R2 | 32.75 | * | congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:35 GMT - No follow-through on break of the 32.30 June low as prices edged up in consolidation from the 32.25 low. However, negative daily studies suggest this giving way to fresh selling pressure later and break here will expose the 32.10 current year low to retest. Below this will extend the broader losses from 2022 year high to the 2022 year low at 32.08 and the 32.00 level. Meanwhile, resistance at the 32.50 level is expected to limit corrective bounce. Clearance will see room for stronger bounce to consolidate below 32.75 resistance.