Published: 2025-06-12T02:55:56.000Z
Chart USD/THB Update: Under presure, focus return to 32.37 low
Technical Analyst
1
Choppy trade above the 32.50 congestion have given way to break here to sustain bearish pressure from the 32.80 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion, 38.2% | S1 | 32.37 | ** | 26 May YTD low | |
| R3 | 33.25 | * | congestion | S2 | 32.35 | * | congestion | |
| R2 | 33.00/05 | * | congestion, Apr low | S3 | 32.14 | ** | Sep 2024 year low | |
| R1 | 32.80/90 | * | congestion, 29 May high | S4 | 32.08 | ** | Feb 2022 year low |
Asterisk denotes strength of level
02:50 GMT - Choppy trade above the 32.50 congestion have given way to break here to sustain bearish pressure from the 32.80 congestion. Daily studies have turned negative and threatens retest of the 32.37, 26 May YTD low. Below this and the 32.35 congestion will see room for retest of the 32.14, September 2024 year low. Below this, but not expected for now, will turn focus to the 32.08, 2022 year low. Meanwhile, resistance at the 32.80/32.90 area is expected to cap and sustain bearish pressure from the 35.00, April YTD high.