Market Analysis: The USDTHB pair is expected to trade bound in a range with light volume today as the Bank of Thailand and the Thai stock market are closed for Asarnha Bucha Day. Investors are sitting on the sidelines ahead of tonight’s FOMC meeting results and U.S. crude oil inventory reports. Rising U.S. Treasury yields and oil prices continue to provide underlying support for the U.S. Dollar, despite a slight dip in the DXY index.
Technical Outlook: The overall trend remains in a Down Trend, trading below the Down Trend Line. However, a rebound has emerged from support zones with consolidation around the High Volume Profile area. To confirm a short-term reversal, price must break and hold above the key resistance at 33.60, which would open the door toward the Bullish Scenario target. Conversely, failure to clear 33.60 risks a pullback toward 33.50 and 33.46.
Support Level : 33.50
Target : 33.60 – 33.64
Stop Loss / Cut Loss : 33.48
Technical Outlook: The overall trend remains in a Down Trend, trading below the Down Trend Line. However, a rebound has emerged from support zones with consolidation around the High Volume Profile area. To confirm a short-term reversal, price must break and hold above the key resistance at 33.60, which would open the door toward the Bullish Scenario target. Conversely, failure to clear 33.60 risks a pullback toward 33.50 and 33.46.
Support Level : 33.50
Target : 33.60 – 33.64
Stop Loss / Cut Loss : 33.48
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.