USD/THB faces some side-line trading near term

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USD/THB faces some side-line trading near term
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Markets Strategist Quek Ser Leang at UOB Group suggests USD/THB is likely to navigate between 35.68 and 36.35 in the next few sessions. Key Quotes The

The strong surge in USD/THB that sent it to a high of 36.35 came as a surprise . USD/THB pulled back from the high in overbought conditions.

While further USD/THB is not ruled out at later stage, USD/THB is more likely to consolidate in a range of 35.68/36.35 this week. 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. You should do your own thorough research before making any investment decisions.

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