Published: 2026-03-11T03:06:26.000Z
Chart USD/THB Update: Test strong support at 31.40
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Sharply lower to extend rejection from the 32.20/23 resistance as prices unwind intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.20/23 | ** | congestion, Oct low | S1 | 31.40 | ** | 17 Feb high | |
| R3 | 32.00 | * | congestion | S2 | 31.20 | * | congestion | |
| R2 | 31.89 | ** | Feb high | S3 | 31.00 | ** | Dec low, congestion | |
| R1 | 31.70 | congestion | S4 | 30.86 | ** | 28 Jan YTD low |
Asterisk denotes strength of level
03:00 GMT - Sharply lower to extend rejection from the 32.20/23 resistance as prices unwind intraday and daily studies to reach strong support at 31.40. Would take break here to return focus to the downside for retest of the February and January lows. Meanwhile, resistance is lowered to the 31.60/70 congestion area and extending to the 31.89, February high. The latter is expected to cap and sustain rejection from the 32.20 high. Would take break here and 32.23 resistance to open up room for stronger correction of losses from April 2025 year high.