- Analytics
- News and Tools
- Market News
- USD/THB faces some near-term consolidation – UOB
USD/THB faces some near-term consolidation – UOB
In the view of Markets Strategist Quek Ser Leang at UOB Group, USD/THB could face some consolidative mood in the short term.
Key Quotes
We did not anticipate USD/THB to drop sharply to a low of 34.495 last week (we were expecting it to trade in a range). This week, oversold short-term conditions could lead to a few days of consolidation first.
Looking ahead, as long as USD/THB stays below 34.95, it could drop to 34.42 later on. This week, the next major support at 34.21 is unlikely to come under threat.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
