Published: 2025-05-07T02:54:04.000Z
Chart USD/THB Update: Consolidating above 32.82, fresh year low
Technical Analyst
-
Turned up from test of the 2023 year low at 32.56 as prices consolidate losses from the 33.65/33.50 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion | S1 | 32.56/50 | * | 2023 year low, congestion | |
| R3 | 33.25 | * | 29 Apr low | S2 | 32.14 | ** | Sep 2024 year low | |
| R2 | 33.00/05 | * | congestion, 21 Apr low | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.85 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Turned up from test of the 2023 year low at 32.56 as prices consolidate losses from the 33.65/33.50 resistance. Bounce see prices unwinding oversold intraday studies but the negative daily studies keeps focus on the downside and lower will see room to 32.50 congestion then the strong support at the 32.14 and 32.08, 2024 and 2022 year lows. Meanwhile, resistance is lowered to the 32.85. Above here will open up room for stronger bounce to the 33.00/33.05 congestion area and the previous low at 33.25.