Published: 2025-07-11T02:48:49.000Z
Chart USD/THB Update: Extend consolidation below 32.75 high
Technical Analyst
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Little change, as prices extend consolidation below the 32.75 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.37/50 | ** | Feb low, congestion | S1 | 32.50 | * | congestion | |
| R3 | 33.25 | * | congestion | S2 | 32.30 | ** | 3 Jul YTD low | |
| R2 | 33.05 | ** | Apr low | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.80 | * | congestion | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:45 GMT - Little change, as prices extend consolidation below the 32.75 high. Daily studies remains positive and suggest room for stronger bounce to retrace losses from the April high. Clearance will see scope to the 32.80 congestion. Gains beyond this, will open up the 33.05 June high to retest. Meanwhile, support is at the 32.50 congestion which should underpin. Below here will return focus to the downside for retest of the 32.30 low and see room to extend the broader losses from the November high to the 32.14/32.08, September 2024 and February 2022 year lows.