Published: 2025-08-25T03:09:17.000Z
Chart USD/THB Update: Consolidating retest of 32.30 support, room for lower later
Technical Analyst
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Rejection from the 32.68 high has seen sharp pullback to retest the 32.30 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.30 | * | Jun low | |
| R3 | 32.75 | * | congestion | S2 | 32.23 | ** | 14 Aug low | |
| R2 | 32.68 | ** | 22 Aug high | S3 | 32.10 | ** | 24 Jul YTD low | |
| R1 | 32.60 | * | congestion | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
03:00 GMT - Rejection from the 32.68 high has seen sharp pullback to retest the 32.30 support. Negative daily studies suggest consolidation here giving way to break later to retest the 32.23 support then the 32.10, July current year low. Break here and the 2022 year low at 32.08 will extend the broader losses from the 2022 year high at 32.46. Meanwhile, resistance is lowered to the 32.50/32.60 congestion area which is expected to cap and sustain losses from the 32.68 lower high.