USD/THB: Risks extra weakness below 34.23 – UOB – by pabspiovano Thailand Currencies Crosses Banks
“We did not expect the sharp drop in USD/THB to a low of 33.66 last week . There is room for USD/THB to decline further, oversold short-term conditions could lead to a couple of days of consolidation first.”
“The support level to watch is 33.54. In order to keep the current momentum going, USD/THB must stay below 34.23.”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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