Published: 2025-09-12T03:04:00.000Z
Chart USD/THB Update: Shallow bounce keeps pressure on the downside
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Shallow bounce from the 31.60/50 support area keep pressure on the downside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.40/50 | * | congestion | S1 | 31.60 | * | Apr 2021 high | |
| R3 | 32.24 | * | Aug low | S2 | 31.50 | * | congestion | |
| R2 | 32.10/14 | ** | Jul, 2024 year lows | S3 | 31.20 | * | congestion | |
| R1 | 31.80 | * | congestion | S4 | 31.05 | * | Jun 2021 low |
Asterisk denotes strength of level
02:50 GMT - Shallow bounce from the 31.60/50 support area keep pressure on the downside and see risk for break of the 31.60/50 area to extend losses from the September 2022 year high. Lower will see room for extension to the 31.20 congestion and 31.05, June 2021 low. Would expect reaction at the latter as daily studies push deep into oversold areas. Meanwhile, resistance is at 31.80 which extend to 32.10/32.14, the July and 2024 year lows. These are expected to cap and sustain losses from the 35.00, April current year high.