Published: 2025-10-22T03:16:22.000Z
Chart USD/THB Update: Back to pressure 32.91 high
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Choppy trade above the 32.50 support see pressure returning to the 32.91 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.37 | * | Feb low | S1 | 32.68 | * | 22 Aug high, congestion | |
| R3 | 33.29 | * | 50% Apr/Sep fall | S2 | 32.50 | * | congestion | |
| R2 | 33.00/05 | ** | congestion, Jun high | S3 | 32.30 | ** | Jun low, congestion | |
| R1 | 32.91 | * | 17 Oct high | S4 | 32.10 | * | Jul low |
Asterisk denotes strength of level
03:10 GMT - Choppy trade above the 32.50 support see pressure returning to the 32.91 high. Break here will further extend gains from the 31.58 September current year low and retrace losses from the April high to target the 33.00/05, congestion and June high. Higher still, will see room to 33.29, 50% Fibonacci level. Meanwhile, support is raised to the 32.68 high of 22 August and extending to 32.50 congestion which is expected to underpin. Failure to hold this will return focus to the downside for retest of 32.30/32.10 area.