Published: 2025-09-01T02:28:58.000Z
Chart USD/THB Update: Range-bound above 32.26 low
Technical Analyst
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Range-bound above the 32.26 low of last week as prices consolidate losses from resistance at the 32.68 swing high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.88 | ** | 1 Aug high | S1 | 32.23 | * | 14 Aug low | |
| R3 | 32.75 | * | congestion | S2 | 32.10 | ** | 24 Jul YTD low | |
| R2 | 32.68 | ** | 22 Aug high | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50 | * | congestion | S4 | 32.00 | * | figure |
Asterisk denotes strength of level
02:25 GMT - Range-bound above the 32.26 low of last week as prices consolidate losses from resistance at the 32.68 swing high. However, pressure remains on the downside and break here and the 32.23 low of August will expose the 32.10, July current year low to retest. Below this will extend the broader losses from the 2022 year high and see room to 32.08 support and 32.00 figure. Meanwhile, resistance at the 32.50/60 congestion area is expected to cap and sustain losses from the 32.68 lower high.