Published: 2025-06-11T02:44:05.000Z
Chart USD/THB Update: Choppy in range
Technical Analyst
1
Little change, as prices extend choppy trade above the 32.50 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion, 38.2% | S1 | 32.50 | * | congestion | |
| R3 | 33.25 | * | congestion | S2 | 32.37 | ** | 26 May YTD low | |
| R2 | 33.00/05 | * | congestion, Apr low | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.80/90 | * | congestion, 29 May high | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:40 GMT - Little change, as prices extend choppy trade above the 32.50 congestion. Daily studies have turned up from oversold areas and suggest scope for bounce to retest resistance at 32.80 congestion then 32.90, late-May high. Would need to clear these to confirm a small bottom in place at 32.37, 26 May YTD low, and see room for stronger correction of losses from the April high. Clearance will see room to 33.00/05 and 33.25 congestion. Meanwhile, support at 32.50 underpin and should sustain bounce from 32.37 low. Below these will see room to the critical 32.14/32.08, 2024/2022 year lows.