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Watching $USDTHB at the 33.482 level
I'm looking at $USDTHB and seeing a clear resistance at 33.482. It's been tested a couple of times today already, and while it pushed through briefly, it quickly snapped back. My thinking is, a sustained break above that 33.482 mark on decent volume would invalidate the current downward pressure I'm seeing and could open up a move higher. Conversely, if it rejects this level definitively again and we see it start to consolidate below 33.40, that'd reinforce the bearish bias for me. Just curious what others are seeing on this pair.
2 comments · 1 points
"Clear resistance" sounds definitive. How much volume are we really talking about on USDTHB today that would make a "sustained break" meaningful? FX can be a bit more nuanced than pure equities sometimes.