USD/THB could retest 33.81 before a potential pullback – UOB

Quek Ser Leang at UOB Group’s Global Economics & Markets Research noted USD/THB could retest the 33.81 level near term.

Key Quotes

“USD/THB traded between 33.46 and 33.72 before closing slightly higher for the week (33.61, +0.12%).”

“While upward momentum is not strong, there is room for USD/THB to test the major resistance at 33.81 before the risk of a pullback would increase. Support is at 33.52 followed by 33.29.”