USD/THB: Solid resistance comes at 33.13 – UOB By pabspiovano Thailand Currencies Crosses Banks
“We highlighted last Monday that ‘further USD/THB weakness is not ruled out but conditions remain deeply oversold and a sustained decline below 31.95 appears unlikely’. We added, ‘a breach of 32.32 would indicate that the currentweakness has stabilized’. While we noted the oversold conditions, we did not expect the sharp and swift bounce as USD/THB soared to 32.89 last Thursday .”
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