- Analytics
- News and Tools
- Market News
- USD/THB: Decline could extend to 35.65 – UOB
USD/THB: Decline could extend to 35.65 – UOB
In the view of Markets Strategist Quek Ser Leang at UOB Group, further weakness could drag USD/THB to revisit the 35.65 level in the short term.
Key Quotes
The current price action in USD/THB since the 37.24 high earlier this month is likely part of an ongoing pullback. The pullback has scope to extend to 35.65 before stabilisation can be expected.
At this time, the likelihood of a sustained break below 35.65 is not high. Resistance is at 36.20; however, only a breach of 36.25 would indicate that the weakness in USD/THB has stabilised.
© 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
