USDTHB is on the due course to visit 36 likely in coming weeks.
Irrespective of any economic News coming from Feds or any political uncertainty from Thailand does not bother me too much.
However I believe in chart patterns and ongoing price action on the pair. As far as USDTHB is concerned the price broke Resistance area at 34.60 on 3.Aug.23 and now has become a strong support. 2nd price is well above support trend line and 3 EMA 20 50 and 200 respectively on Daily Timeframe. There can be a possibility of price to test resistance at 34.28 and then go in hibernation mode for days for the next move higher. Point to be noted that price yet to test current TL SUPP and EMA on Daily Timeframe. And if that holds then we could see another move higher in coming days or weeks. Fingers crossed.
However I believe in chart patterns and ongoing price action on the pair. As far as USDTHB is concerned the price broke Resistance area at 34.60 on 3.Aug.23 and now has become a strong support. 2nd price is well above support trend line and 3 EMA 20 50 and 200 respectively on Daily Timeframe. There can be a possibility of price to test resistance at 34.28 and then go in hibernation mode for days for the next move higher. Point to be noted that price yet to test current TL SUPP and EMA on Daily Timeframe. And if that holds then we could see another move higher in coming days or weeks. Fingers crossed.
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