Published: 2026-06-08T03:22:15.000Z
Chart USD/THB Update: Extending gains
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Consolidation below the 32.80 resistance has given way to break to extend gains from the 31.74 April low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion | S1 | 32.60 | * | congestion | |
| R3 | 33.20 | * | congestion | S2 | 32.40 | ** | congestion | |
| R2 | 33.05 | ** | 23 Mar YTD high | S3 | 32.20 | * | congestion | |
| R1 | 32.90 | * | Oct high | S4 | 32.03 | ** | 6 May low |
Asterisk denotes strength of level
03:20 GMT - Consolidation below the 32.80 resistance has given way to break to extend gains from the 31.74 April low. Nearby see scope to retest strong resistance at 32.90 October high then the 33.05 March current year high. Above these will confirm a 9-month bottom pattern at the January YTD low and see stronger gains to retrace losses from the 2023/2024 year highs. Meanwhile, support is raised to the 32.60/32.40 congestion area which should underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to the 32.20 support and 32.03, May low.