• USD/THB: A potential drop to 34.58 appears on the cards – UOB

Noticias del mercado

4 diciembre 2023

USD/THB: A potential drop to 34.58 appears on the cards – UOB

A potential retracement of USD/THB to the 34.58 level should not be ruled out in the near term, argues Markets Strategist Quek Ser Leang at UOB Group.

Key Quotes

USD/THB dropped sharply to low of 34.58 last Wednesday before ending the week on a weak note at 34.85 (-1.32%). Downward momentum has increased, albeit not much.

This week, as long as USD/THB stays below 35.22 (minor resistance is at 35.00), it could dip below 34.58 before a more sustained rebound is likely. The major support at 34.08 is unlikely to come under threat. 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: