USD/THB: Potential upside on the cards near term – UOB – by pabspiovano Thailand Currencies Crosses Banks
We did not anticipate the strong rise in USD/THB as it soared to a high of 34.81 last week . Rapidly improving momentum is likely to lead to further USD/THB strength this week.
However, the major resistance at 35.00 could be just out of reach. Overall, only a breach of 34.30 would indicate that the current upward pressure has eased. 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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD seems to have moved into a consolidative phase – UOBEconomist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest EUR/USD could ace some consolidation in the near term. Key Quotes 24-
Read more »
AUD/USD: Dwindling bets for a deeper pullback – UOBIn the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, the prospects for further decline in AUD/USD seems to be losi
Read more »
USD/JPY now seen extending the range bound trade – UOBUSD/JPY is expected to keep the 140.00-143.30 range for the time being, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UO
Read more »
USD/CNH: Further consolidation in the pipeline – UOBNo changes to the consolidative mood around USD/CNH for the time being, argue Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group
Read more »
10 stocks to buy now, rare opportunity in markets: Top-1% managerA top-1% fund manager over the past 3 years highlights a 'once-in-a-generation' opportunity in an underrated part of the market — and shares 10 stocks to buy now
Read more »
Mega Millions jackpot soars to potential record after no winner Friday, lottery says | CNNA record Mega Millions jackpot may be in play after no ticket matched all winning numbers in Friday night’s drawing, the lottery said.
Read more »