Published: 2025-10-07T03:07:06.000Z
Chart USD/THB Update: Pressuring 32.50 resistance
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Pressure remains on the upside and break of the 32.50 resistance will further extend gains from the 31.60/31.58, September lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.30 | * | Jun low, congestion | |
| R3 | 32.68 | ** | 22 Aug high | S2 | 32.10 | ** | Jul low | |
| R2 | 32.56 | * | 6 May low | S3 | 32.00 | * | figure | |
| R1 | 32.50 | * | congestion | S4 | 31.76 | 22 Sep low |
Asterisk denotes strength of level
03:00 GMT - Pressure remains on the upside and break of the 32.50 resistance will further extend gains from the 31.60/31.58, September lows. Daily studies are mixed but weekly chart are tracking higher and suggest scope for extension to further retrace the april/September losses. Break will see room to retest strong resistance at the 32.68 and 32.88, August highs. Meanwhile, support at the 32.30/32.10 June and July lows expected to underpin. Only break of these will fade the upside pressure and return focus to the 31.60/31.58 lows.