Published: 2025-08-06T02:41:42.000Z
Chart USD/THB Update: Consolidating at 32.30 support
Technical Analyst
-
Test of support at the 32.30 June low has given way to bounce as prices consolidate losses from the 32.88 swing high
| 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 | 32.50 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:35 GMT - Test of support at the 32.30 June low has given way to bounce as prices consolidate losses from the 32.88 swing high. However, negative daily studies suggest this giving way to fresh selling pressure later and break here will expose the 32.10 current year low to retest. Below this will extend the broader losses from 2022 year high to the nearby support at 32.08, 2022 year low. Meanwhile, resistance at the 32.50 level is expected to cap corrective bounce and keep pressure on the downside.