Published: 2025-12-05T02:49:52.000Z
Chart USD/THB Update: Consolidating, room for lower later
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Edged up from the 31.85 low to consolidate at the 32.00 level as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.50 | ** | congestion | S1 | 31.76 | * | 22 Sep low | |
| R3 | 32.30 | ** | congestion | S2 | 31.58 | ** | 9 Sep YTD low | |
| R2 | 32.23 | * | Oct low | S3 | 31.50 | * | congestion | |
| R1 | 32.10 | * | Jul low | S4 | 31.30 | congestion |
Asterisk denotes strength of level
02:45 GMT - Edged up from the 31.85 low to consolidate at the 32.00 level as prices unwind oversold intraday studies. However, this is expected to give way to selling pressure later. Lower will see room to 31.76 support then the 31.58, September current year low. Below these will extend the broader losses from the 2022 year high and see room to support at 31.30 and the 31.00 figure. Meanwhile, resistance is at the 32.10, July low. Regaining this will see room for stronger bounce to resistance at the 32.23/32.30 area which is expected to cap.