- Analytics
- News and Tools
- Market News
- USD/THB could climb further and retest 35.66 – UOB
USD/THB could climb further and retest 35.66 – UOB
Further upside could motivate USD/THB to revisit the 35.66 level in the near term, comments Markets Strategist Quek Ser Leang at UOB Group.
Key Quotes
Our view for USD/THB to trade in a range between 34.90 and 35.66 last week was incorrect. Instead of trading in a range, USD/THB rose to a high of 35.66. Upward momentum has increased, albeit not much.
This week, as long as USD/THB stays above 35.28, it could rise above the 35.66 level. In view of the overbought short-term conditions, the chance of USD/THB breaking above June’s peak of 35.74 is not high.
© 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
