Published: 2026-06-29T02:55:29.000Z
Chart USD/THB Update: Range-bound below 33.48 high
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Range-bound in consolidation below the 33.48 current year high of 24 June but pressure remains on the upside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.00 | * | congestion, 76.4% | S1 | 33.20 | congestion | ||
| R3 | 33.77 | 28 Apr high | S2 | 33.05 | ** | Mar high | ||
| R2 | 33.50 | * | congestion | S3 | 32.90 | * | Oct high | |
| R1 | 33.48 | ** | 24 Jun YTD high | S4 | 32.80 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Range-bound in consolidation below the 33.48 current year high of 24 June but pressure remains on the upside and see scope to extend strong gains from the 32.50 mid-June low. Higher will see room to 33.50 congestion and 33.77 resistance then the 34.00 level and 76.4% Fibonacci retracement. However, overbought daily and weekly studies caution corrective pullback with support starting 33.20 congestion then the 33.05 March high which should underpin. Would take break to fade the upside pressure and see room for deeper pullback to retrace strong gains from 31.74, April swing low.