Published: 2025-09-03T02:44:48.000Z
Chart USD/THB Update: Higher in consolidation from 32.26/24 lows
Technical Analyst
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Higher from the 32.26/24 lows as prices consolidate pullback from the 32.68 high of 22 August
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.26/24 | * | Aug lows | |
| 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
02:35 GMT - Higher from the 32.26/24 lows as prices consolidate pullback from the 32.68 high of 22 August. Resistance is at the 32.40/50 area and clearance here needed to open up room for retest of the 32.60 level and 32.68 lower high. Would take break here to open up room for retest of the strong resistance at the 32.88, August high. Meanwhile, support at the 32.24 now underpin. Break here will return focus to the 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.