USD/THB could retest 33.81 before a potential pullback – UOB

Pablo Piovano FXStreet

Quek Ser Leang at UOB Group’s Global Economics & Markets Research noted USD/THB could retest the 33.81 level near term.

Key Quotes

“USD/THB traded between 33.46 and 33.72 before closing slightly higher for the week (33.61, +0.12%).”

“While upward momentum is not strong, there is room for USD/THB to test the major resistance at 33.81 before the risk of a pullback would increase. Support is at 33.52 followed by 33.29.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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