Published: 2026-04-08T02:56:40.000Z
Chart USD/THB Update: Sharp pullback
-
Consolidation above the 32.50/40 congestion area has given way to renewed selling pressure
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.90 | * | Oct high | S1 | 32.00 | * | congestion | |
| R3 | 32.80 | * | congestion | S2 | 31.89 | ** | Feb high | |
| R2 | 32.60 | congestion | S3 | 31.80 | congestion | |||
| R1 | 32.40/50 | * | congestion | S4 | 31.60/58 | ** | congestion, 2025 yr low |
Asterisk denotes strength of level
02:50 GMT - Consolidation above the 32.50/40 congestion area has given way to renewed selling pressure to open up deeper pullback to retrace strong gains from the February/January lows. Losses through support at the 32.20/10 area see the 32.00 level now within reach. Below this will open up room for strong support at the 31.89, February high. Lower still, will see extension to 31.80 congestion and 31.60/58 area. Meanwhile, resistance is lowered to 32.40/50 congestion area which is expected to cap and sustain losses from the 33.05, March current year high.