Published: 2025-08-19T02:49:37.000Z
Chart USD/THB Update: Extend bounce from 32.23 low
Technical Analyst
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Consolidation below the 32.50 resistance has given way to break to extend bounce from the 32.23 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.05 | ** | Jun high | S1 | 32.30 | * | Jun low | |
| R3 | 32.88 | ** | 1 Aug high | S2 | 32.10 | ** | 24 Jul YTD low | |
| R2 | 32.75 | * | congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.60 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Consolidation below the 32.50 resistance has given way to break to extend bounce from the 32.23 low of last week. Higher will will room to resistance at the 32.60/32.75 congestion. Beyond this, will expose the 32.80 level and 32.88 high to retest. Corrective gains are expected to give way to renewed selling pressure later to retest support at the 32.30. Below this will expose the 32.10 current year low to retest and see scope to extend the broader losses from 2022 year high to the 32.08 support and 32.00 level.