Published: 2025-10-08T02:34:15.000Z
Chart USD/THB Update: Pressuring 32.50 resistance
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Extending consolidation below the 32.50 resistance but potential is seen for break to extend gains from the 31.58/31.60, September lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.30 | * | Jun low, congestion | |
| R3 | 32.68 | ** | 22 Aug high | S2 | 32.10 | ** | Jul low | |
| R2 | 32.56 | * | 6 May low | S3 | 32.00 | * | figure | |
| R1 | 32.50 | * | congestion | S4 | 31.76 | 22 Sep low |
Asterisk denotes strength of level
02:30 GMT - Extending consolidation below the 32.50 resistance but potential is seen for break to extend gains from the 31.58/31.60, September lows. Positive daily and weekly studies suggest scope for break to further retrace the April/September losses. Higher will see room for extension to retest strong resistance at the 32.68 and 32.88, August highs. Meanwhile, support is at 32.30 congestion and June low which is expected to underpin. Only break here will fade the upside pressure and open up room for pullback to 32.10/32.00 support.