Published: 2025-12-17T02:52:44.000Z
Chart USD/THB Update: Consolidating at 31.40, current year low
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Edged up from the 31.40 low as prices consolidate recent steep losses and unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.10 | ** | Jul low | S1 | 31.40 | * | 16 Dec YTD low | |
| R3 | 32.00 | * | congestion | S2 | 31.30 | * | congestion | |
| R2 | 31.80 | * | congestion | S3 | 31.00 | * | figure, congestion | |
| R1 | 31.58/60 | * | Sep low, congestion | S4 | 30.80 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Edged up from the 31.40 low as prices consolidate recent steep losses and unwind oversold intraday studies. However, the downside remains vulnerable and further losses cannot be ruled out though daily studies are stretched as well and caution corrective bounce. Lower will further extend the broader losses from the 2022 year high to support at the 31.30 congestion and the 31.00 level. Meanwhile, resistance is lowered to 31.58/60, September low. Would need lift over this ease the downside pressure and see room for stronger corrective bounce to resistance at the 31.80/32.00 congestion area.