Published: 2026-07-20T03:00:27.000Z
Chart USD/THB Update: Extending gains, but stretched
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Still stretching as prices extend bullish gains from the April low to reach fresh year high at 33.68
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.50 | * | congestion | S1 | 33.50 | * | congestion | |
| R3 | 34.30 | congestion | S2 | 33.25 | * | 10 Jul low | ||
| R2 | 34.00 | * | 76.4% 2025/2026 fall | S3 | 33.12 | ** | 3 Jul low | |
| R1 | 33.77 | * | 28 Apr 2025 high | S4 | 33.00/05 | ** | congestion, Mar high |
Asterisk denotes strength of level
03:00 GMT - Still stretching as prices extend bullish gains from the April low to reach fresh year high at 33.68. Focus remains on the upside and higher will see room for extension to resistance at 33.77 then the 34.00, 76.4% Fibonacci level. However, overbought daily and weekly studies caution corrective pullback with support starting at the 33.50 congestion. Would take break here to open up room for deeper pullback to strong support at the 33.25/33.12 area which should underpin. Only below here will fade the upside pressure and see room for deeper pullback to retrace gains from the 31.74 April swing low.