Published: 2025-08-01T03:17:53.000Z
Chart USD/THB Update: Extending gains
Technical Analyst
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Pressure remain on the upside as prices extend break of the 32.75 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.50 | ** | congestion | S1 | 32.56 | * | 6 May low | |
| R3 | 33.37 | * | Feb low | S2 | 32.50 | * | congestion | |
| R2 | 33.20 | * | 38.2% Apr/Jul fall | S3 | 32.30 | * | Jun low | |
| R1 | 33.05 | ** | Jun high | S4 | 32.10 | ** | 24 Jul YTD low |
Asterisk denotes strength of level
03:10 GMT - Pressure remain on the upside as prices extend break of the 32.75 resistance. Both daily and weekly studies are still tracking higher and suggest room for further gains to retrace the April/July losses. Higher will see extension to retest the June high at 33.05 and the 33.20, 38.2% Fibonacci level. Meanwhile, support is raised to 32.56/32.50 area which should underpin and limited corrective pullback and sustain gains from the 32.10, current year low.