Published: 2026-02-26T03:04:31.000Z
Chart USD/THB Update: Consolidating above 31.00 level
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Little change, as prices extend consolidation within a narrow range above the 31.00 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 31.80 | * | congestion | S1 | 31.00 | * | Dec low | |
| R3 | 31.70 | * | congestion | S2 | 30.86 | ** | 28 Jan YD low | |
| R2 | 31.58/60 | ** | Sep low, congestion | S3 | 30.80 | * | congestion | |
| R1 | 31.40 | * | congestion | S4 | 30.65 | * | 18 Mar 2021 low |
Asterisk denotes strength of level
03:00 GMT - Little change, as prices extend consolidation within a narrow range above the 31.00 level. However, pressure remains on the downside and break here will expose the 30.86 January current year low to retest. Negative daily and weekly studies suggest scope for break here to further extend the broader losses from the October 2022 year high. Below this will see room for extension to the 30.80 congestion and the 30.65/30.50 area. Meanwhile, resistance at the 31.20/31.40 congestion area is expected to cap and sustain losses from the 31.88, 6 February swing high.