Published: 2025-10-16T02:43:54.000Z
Chart USD/THB Update: Extending pullback from 32.82 highs
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Leaning lower from the 32.82 highs and break of the 32.50 support will confirm a double top on daily chart
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.00/05 | ** | congestion, Jun high | S1 | 32.30 | ** | Jun low, congestion | |
| R3 | 32.88 | ** | 6 May low, 38.2% | S2 | 32.10 | * | Jul low | |
| R2 | 32.82 | ** | 9 Oct high | S3 | 32.00 | * | congestion | |
| R1 | 32.68 | * | 22 Aug high | S4 | 31.76 | 22 Sep low |
Asterisk denotes strength of level
02:40 GMT - Leaning lower from the 32.82 highs and break of the 32.50 support will confirm a double top on daily chart and open up room for deeper pullback to retrace gains from the 31.60/31.58 September lows. Daily studies have turned down from overbought areas and see room for deeper pullback to the 32.30 congestion. Lower still, will see room for extension to the 32.10/32.00 area. Meanwhile, resistance at 32.68 is expected to cap and sustain losses from the 32.82 high and the broader bearish structure from 35.00, April current year high.