Forex - Chart USD/THB Update: Retains downside pressure


Published at 02:56 (GMT) 18 Feb

  

Chart USD/THB Update: Retains downside pressure (MWWC6801)

18 Feb USD/THB Daily

00::53 GMT - With decline taken out the 38.2% retracement at 32.280 last session, further risk stays on the downside and current recovery should attract fresh sellers with resistance seen at 32.380. Below 32.220 low set previous session, bears targets lower support at 32.160 ahead of the 50% retracement mark at 32.010. [W.T]
R5: 32.74 6 Feb low
R4: 32.66 * 17 Jan low, break
R3: 32.62 13 Feb high
R2: 32.52 14 Feb high
R1: 32.38 17 Feb high

S1: 32.22 17 Feb low
S2: 32.16 12 Dec high, break
S3: 32.01 * 50% of 30.88-33.145 up-leg
S4: 31.99 16 Dec low
S5: 31.95 * 11 Dec low

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