USD/THB: Further bounce appears likely – UOB – by pabspiovano Thailand Currencies Crosses Banks
“We highlighted last Monday that USD/THB ‘could consolidate first before dropping to 33.54’. We added, ‘in order to keep the current momentum going, USD/THB must stay below 34.23’. While USD/THB fell as expected, it rebounded from a low of 33.50.”
. On the downside, support is at 33.65, followed by 33.50. The latter level is a rather strong support now.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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