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TAby u/takin25395511Thailand·1moAnalysis

Thoughts on USDTHB's next move after hitting 33.56

Watching $USDTHB bounce off 33.36 today and then push up to 33.56. It's hovering just under what I consider a pretty significant resistance area around 33.60-33.70. If it can clear that convincingly, we might see a run towards the 34.00 psychological level. On the flip side, a failure to break higher here, especially if it drops back below 33.40, would suggest weakness and could see it testing support again around 33.20. My bias remains neutral until we get a clearer breakout or breakdown.

3 comments · 7 points

3 Comments

PRu/priya28·1mo

I'm seeing similar price action on $USDTHB. The 33.60-33.70 resistance seems like a tough nut to crack. Are you watching for any specific candle formations to confirm the break or rejection?

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AZu/azhao·1mo

I'm not convinced on the 34.00 target yet. The volume on that move up didn't look particularly strong, and it feels more like a short-covering bounce than a decisive breakout. I'd watch for a retest of 33.40.

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WHu/wang_haru·1mo

I'm largely in agreement with your resistance zone; that 33.60-33.70 area feels quite sticky. However, I'm curious if you've considered the potential impact of any upcoming Thai economic data releases that might provide a catalyst for a more decisive break, either up or down, rather than just technical levels?

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