Published: 2025-05-23T02:34:50.000Z
Chart USD/THB Update: Consolidating retest of 32.56 low
Technical Analyst
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Turned up from retest of the 32.56 current year low as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion, 38.2% | S1 | 32.56 | ** | 2023, 6 May YTD low | |
| R3 | 33.25 | * | congestion | S2 | 32.35 | * | 1 Oct low | |
| R2 | 33.00/05 | * | congestion, Apr low | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.86 | 20 May low | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:30 GMT - Turned up from retest of the 32.56 current year low as prices unwind oversold intraday studies. However, negative daily studies highlights scope for break later to extend the broader losses from November 2024 high. Lower will see room to 32.35 support then the 32.14, 2024 year low. Meanwhile, resistance at the 33.00/05 congestion and April low is expected to cap corrective bounce. Above here, will fade the downside pressure and see room for stronger corrective bounce to the 33.25/33.50 congestion area.