Published: 2025-08-21T02:32:22.000Z
Chart USD/THB Update: Higher in choppy trade
Technical Analyst
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Extending bounce from the 32.23 low of last week to reach 32.60 level as prices retrace losses from the 32.88 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.20 | * | 38.2% Apr/Jul fall | S1 | 32.50 | * | congestion | |
| R3 | 33.05 | ** | Jun high | S2 | 32.30 | * | Jun low | |
| R2 | 32.88 | ** | 1 Aug high | S3 | 32.23 | ** | 14 Aug low | |
| R1 | 32.75 | * | congestion | S4 | 32.10 | ** | 24 Jul YTD low |
Asterisk denotes strength of level
02:30 GMT - Extending bounce from the 32.23 low of last week to reach 32.60 level as prices retrace losses from the 32.88 high. Positive daily and weekly studies suggest room for extension to retest resistance at the 32.75 and 32.88 highs. Clearance here, if seen, will see room to the 33.00 level and 33.05, June high. However, gains are seen corrective and expected to give way to renewed selling pressure later. Meanwhile, support is raised to the 32.50 congestion and break here will return focus to the downside for retest of 32.30 congestion and 32.23/32.10 lows.