Published: 2025-06-18T02:56:14.000Z
Chart USD/THB Update: Higher to extend bounce from 32.31 low
Technical Analyst
1
Turned higher from the 32.31 Friday's low through the 32.50/32.56 resistance as prices unwind oversold intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.25 | * | congestion | S1 | 32.50 | * | congestion | |
| R3 | 33.00/05 | ** | congestion, Apr low | S2 | 32.31 | ** | 13 Jun YTD low | |
| R2 | 32.90 | * | 29 May high | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.80 | * | congestion | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:50 GMT - Turned higher from the 32.31 Friday's low through the 32.50/32.56 resistance as prices unwind oversold intraday and daily studies. Higher will see room for stronger corrective bounce to resistance at the 32.80/32.90 area. Beyond this will see room to strong resistance at 33.00/05 congestion and April low. This is expected to cap and give way to renewed selling pressure. Meanwhile, support is raised to 32.50 congestion. Below this will expose the 32.37/32.31 lows to retest and where break will extend the broader losses from the 35.17, November high.