Published: 2026-07-31T03:21:03.000Z
Chart USD/THB Update: Consolidating, room for lower later
1
Choppy trade has seen extension of loses from the 33.87 high to reach 33.34 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.10 | * | Dec 2023 low | S1 | 33.34 | 30 Jul low | ||
| R3 | 34.00 | * | 76.4% 2025/2026 fall | S2 | 33.25 | * | 10 Jul low | |
| R2 | 33.87 | * | 23 Jul YTD high | S3 | 33.12 | ** | 3 Jul low | |
| R1 | 33.70 | * | 27 Jul high | S4 | 33.05/00 | ** | Mar high, congestion |
Asterisk denotes strength of level
03:15 GMT - Choppy trade has seen extension of loses from the 33.87 high to reach 33.34 low. Consolidation here see prices unwinding oversold intraday studies but this is expected to give way to renewed selling pressure later. Lower will see room to 33.25 then the strong support at the 33.12 and 33.05/33.00 congestion area and channel support from the 31.74, April low. Meanwhile, resistance remains at the 33.65/33.70 congestion area is expected to cap and sustain losses from the 33.87 high.