Published: 2025-07-01T03:03:13.000Z
Chart USD/THB Update: Consolidating above 32.31 low
Technical Analyst
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Little change, as prices extend consolidation above the 32.31 13 June YTD low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.25 | * | congestion | S1 | 32.31 | ** | 13 Jun YTD low | |
| R3 | 33.05 | ** | Apr low | S2 | 32.14 | ** | Sep 2024 year low | |
| R2 | 32.80 | * | congestion | S3 | 32.08 | ** | Feb 2022 year low | |
| R1 | 32.60 | * | congestion | S4 | 32.00 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Little change, as prices extend consolidation above the 32.31 13 June YTD low and unwind oversold intraday and daily studies. Bearish price action keeps pressure on the downside and consolidation expected to meet with selling pressure later. Below 32.31 low will extend the broader losses from the November high and shift focus to the 32.14/32.08, September 2024 and February 2022 year lows. Meanwhile, resistance is at the 32.60 congestion which is expected to cap. Clearance here will open up room for stronger corrective bounce to 32.80 resistance.