Published: 2025-09-25T03:09:16.000Z
Chart USD/THB Update: Extending corrective gains
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Choppy trade above the 31.60/58 lows has given way to break of the 32.00 level to reach resistance at the 32.10/14
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.50/56 | * | congestion, 6 May low | S1 | 32.00 | * | figure | |
| R3 | 32.45 | 3 Sep high | S2 | 31.76 | 22 Sep low | |||
| R2 | 32.24 | * | Aug low | S3 | 31.58 | ** | 9 Sep YTD low | |
| R1 | 32.10/14 | ** | Jul, 2024 year lows | S4 | 31.50 | * | congestion |
Asterisk denotes strength of level
03:10 GMT - Choppy trade above the 31.60/58 lows has given way to break of the 32.00 level to reach resistance at the 32.10/14 area. Daily and weekly studies are tracking higher and suggest room for stronger recovery to retrace the April/September losses. Higher will see room to resistance at the 32.24/32.45 area. Meanwhile, support is raised to the 32.00 level which is now expected to underpin. Break here needed to return focus to the downside for retest of the 31.60/31.58 lows.