USD/THB now seems consolidative near term – UOB – by pabspiovano Thailand Currencies Crosses Banks
“We highlighted last Monday that the risk for USD/THB is on the downside. However, we indicated that ‘the major support at 35.06 is unlikely to come into view’. We added, ‘there is a minor support at 35.45’. Our view was not wrong as USD/THB dropped to 35.39 before rebounding quickly.”
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