Published: 2025-03-14T02:31:27.000Z
Chart USD/THB Update: Consolidating, room for lower later
Technical Analyst
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Little change, as prices extend consolidation above the 33.55 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.50 | * | congestion | S1 | 33.65 | * | Dec low | |
| R3 | 34.32 | ** | 3 Mar high | S2 | 33.50 | * | 5 Feb low | |
| R2 | 34.25 | * | 12 Feb high | S3 | 33.37 | ** | 24 Feb YTD low | |
| R1 | 34.00 | * | congestion | S4 | 33.30 | * | 61.8% Sep/Nov rally |
Asterisk denotes strength of level
02:25 GMT - Little change, as prices extend consolidation above the 33.55 low of last week following rejection from the 34.32, 3rd March high. Pullback from the 34.00 level see pressure returning to the 33.65/33.55 support and where break will see room for retest of the 33.50/33.37, February lows. Lower will see room for deeper pullback to retrace the September/November rally to the 33.30, 61.8% Fibonacci level. Lower still will see room to the 33.08, 18 October low. Meanwhile, resistance at the 34.00 level expected to cap and sustain losses from the 34.32 high.