Published: 2025-07-08T02:49:08.000Z
Chart USD/THB Update: Limited gains
Technical Analyst
-
Settling back from test of resistance at the 32.60/32.65 area as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.25 | * | congestion | S1 | 32.30 | ** | 3 Jul YTD low | |
| R3 | 33.05 | ** | Apr low | S2 | 32.14 | ** | Sep 2024 year low | |
| R2 | 32.80 | * | congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.60/65 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:40 GMT - Settling back from test of resistance at the 32.60/32.65 area as prices unwind overbought intraday studies. However, daily studies remains oversold and suggest room for stronger gains later to retrace losses from the April high. Clearance will open up scope to the 3.80 congestion. Gains beyond this, if seen, will open up the 33.05 June high to retest. Meanwhile, support at the 32.30 low underpin. Below this will extend the broader losses from the November high and shift focus to the 32.14/32.08, September 2024 and February 2022 year lows.