USD/THB faces some consolidation near term – UOB By pabspiovano Thailand Currencies Banks Crosses
“We highlighted last Monday that ‘a break of 34.00 could potentially trigger a rapid decline to 33.81’. However, USD/THB did not break 34.00 as it rebounded strongly from 34.05.”
“Downward momentum is waning and the solid support at 34.00 is not expected to come under threat. For this week, USD/THB is likely to trade within a range of 34.15/34.65.”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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toreros suffer lopsided NCAA loss against Oregon StateUSD faces long odds to advance after falling 12-3 to Corvallis Regional hosts
Read more »
ETH/USD: To Buy or Not to Buy: That is the Ethereum QuestionIn early morning trading ETH/USD has produced a solid upwards climb and has achieved short term highs, but it remains within a skeptical trading price range.
Read more »
MicroStrategy CEO Saylor says bitcoin’s near-term volatility largely irrelevant'Bitcoin is the most certain thing in a very uncertain world, it's more certain than the other 19,000 cryptocurrencies, it's more certain than any stock,” Saylor said.
Read more »
USD/CNY fix: 6.6691 vs. the last close of 6.6600In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.6691 vs. the last close of 6.6600. About the fix China maintains stri
Read more »
EUR/USD pressured in key resistance, focus turns to ECBAt 1.0721, EUR/USD is flat at the start of the day ahead of what could be a busy week with the European Central Bank taking place and with plenty of g
Read more »
EUR/USD Forecast: Euro keeps bullish bias to start the weekEURUSD has started to edge higher above 1.0700. Improving market mood seems to be helping the euro find demand. The near-term technical picture suggests that sellers remain on the sidelines. Forecast FX Forex Trading
Read more »