Published: 2026-05-18T02:48:54.000Z
Chart USD/THB Update: Consolidating beneath 32.80/85 resistance
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Extending gains from the 32.03 low of 6 May and to approach strong resistance at the 32.80/32.85 congestion and 30 April high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.20 | * | congestion | S1 | 32.50/40 | ** | congestion | |
| R3 | 33.05 | ** | 23 Mar YTD high | S2 | 32.20 | * | congestion | |
| R2 | 32.90 | * | Oct high | S3 | 32.03 | ** | 6 May low | |
| R1 | 32.80/85 | ** | congestion | S4 | 31.90 | * | Feb high |
Asterisk denotes strength of level
02:45 GMT - Extending gains from the 32.03 low of 6 May and break of the resistance 32.50/32.60 turn focus to strong resistance at the 32.80/32.85 congestion and 30 April high. Clearance here will return focus to the 32.90 October high and see potential for extension to retest 33.05, 23 March current year high. Break here will further retrace losses from the 35.00, April 2025 year high. Meanwhile, support is raised to the 32.50/40 congestion area which should underpin and sustain gains from the 32.03 low.