USD/THB faces some near-term consolidation – UOB

We did not anticipate USD/THB to drop sharply to a low of 34.495 last week . This week, oversold short-term conditions could lead to a few days of consolidation first.

Looking ahead, as long as USD/THB stays below 34.95, it could drop to 34.42 later on. This week, the next major support at 34.21 is unlikely to come under threat. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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