Published: 2025-07-15T02:59:38.000Z
Chart USD/THB Update: Choppy above the 32.30 low
Technical Analyst
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Extending choppy trade above the 32.30 low as prices consolidate the broad losses from the 35.00, April high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.25 | * | congestion | S1 | 32.30 | ** | 3 Jul YTD low | |
| R3 | 33.05 | ** | Apr low | S2 | 32.14 | ** | Sep 2024 year low | |
| R2 | 32.75 | ** | 9 Jul high | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.50 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Extending choppy trade above the 32.30 low as prices consolidate the broad losses from the 35.00, April high. Ranging action see prices unwinding oversold weekly studies and suggest scope for stronger bounce to retest the 32.75 high. Would take break here to open up room for stronger gains to the 33.00/33.05 area. Meanwhile, support at the 32.30 low is expected to underpin. Failure here will turn focus to the 32.14/32.08, September 2024 and February 2022 year lows.