Published: 2025-04-14T03:17:14.000Z
Chart USD/THB Update: Consolidating, room for lower
Technical Analyst
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Consolidating at the 33.44 low of Friday as prices unwind the stretched intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 34.50 | * | Nov high | S1 | 33.37 | ** | 24 Feb YTD low | |
| R3 | 34.32 | * | Mar high | S2 | 33.30 | * | 61.8% Sep/Nov rally | |
| R2 | 34.00 | * | congestion | S3 | 33.08 | * | 18 Oct low | |
| R1 | 33.65 | * | Dec low | S4 | 33.00 | * | congestion |
Asterisk denotes strength of level
03:15 GMT - Consolidating at the 33.44 low of Friday as prices unwind the stretched intraday studies following rejection from resistance at 35.00. Break of the 33.55/33.50 area see room for retest of the 33.37, February YTD low. Break here will extend losses from the November high and see room to the 33.30, 61.8% Fibonacci level. Lower still, will open up deeper pullback to the 33.08/33.00 area. Meanwhile, resistance is lowered to the 33.65 low of December. Above here will open up room for stronger corrective bounce to the 34.00 congestion.