Published at 05:33 (GMT) 04 Aug
04 Aug USD/THB Daily
05::21 GMT- Strong rejection from last Friday's high of 32.290 towards closing in the appearance of a long upper shadow is looking exhaustive with intraday breach of 32.130 support and risking deeper setback to 32.090 ahead of 32.050. [W.T]
R5: 32.35 16 Jun low
R4: 32.32 * 50% of 32.89-31.75 drop
R3: 32.29 1 Aug high
R2: 32.26 intraday level
R1: 32.21 intraday level
S1: 32.09 intraday level
S2: 32.05 intraday level
S3: 31.98 31 Jul low
S4: 31.88 * 25 Jul high, break
S5: 31.845 30 Jul low
Recommended Content
Editors’ Picks
EUR/USD hovers around 1.0700 after German IFO data
EUR/USD stays in a consolidation phase at around 1.0700 in the European session on Wednesday. Upbeat IFO sentiment data from Germany helps the Euro hold its ground as market focus shifts to US Durable Goods Orders data.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold price trades with mild negative bias, manages to hold above $2,300 ahead of US data
Gold price (XAU/USD) edges lower during the early European session on Wednesday, albeit manages to hold its neck above the $2,300 mark and over a two-week low touched the previous day.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.