Published: 2026-03-12T03:11:57.000Z
Chart USD/THB Update: Extending gains
2
Extending bounce from the 31.40 support to retest the 31.89 February high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.50 | * | congestion | S1 | 31.70 | * | congestion | |
| R3 | 32.40 | * | congestion | S2 | 31.60/58 | * | congestion | |
| R2 | 32.20/23 | ** | congestion, Oct low | S3 | 31.40 | ** | 17 Feb high | |
| R1 | 32.00 | congestion | S4 | 31.20 | * | congestion |
Asterisk denotes strength of level
03:10 GMT - Extending bounce from the 31.40 support to retest the 31.89 February high. Positive daily and weekly studies suggest scope for break here to confirm a bottom pattern at the 31.00/30.86 low and see room to retest the 32.00 congestion and strong resistance at the 32.20/23 area. Clearance here will extend gains from the January current year low to further retrace losses from the April high to the 32.40/32.50 congestion. Meanwhile, support is raised to the 31.70/31.58, congestion and September low which should underpin.