Published: 2026-01-28T02:51:36.000Z
Chart USD/THB Update: Under pressure
1
Consolidation above the 30.88 low see prices giving way to fresh selling pressure
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 31.58/70 | ** | Sep low, 29 Dec high | S1 | 30.88 | * | 21 Jan YTD low | |
| R3 | 31.40 | * | congestion | S2 | 30.80 | * | Jun 2020 low | |
| R2 | 31.16 | * | 6 Jan low | S3 | 30.60 | * | congestion | |
| R1 | 31.00 | ** | Dec 2025 year low | S4 | 30.53/50 | ** | Feb 2021 high, congestion |
Asterisk denotes strength of level
02:40 GMT - Consolidation above the 30.88 low see prices giving way to fresh selling pressure and threatens break here to extend losses from the 2022 year high. Lower will see continuation to support at the 30.80/30.60 congestion area. Below this will see room to support at 30.53/30.50 area. Meanwhile, resistance is lowered to the 31.00/31.16 area which is expected to cap. Would take break here to open up room for stronger corrective bounce to resistance at 31.40 then the strong resistance at the 31.58/31.70 congestion.