| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
USD/THB has been trading in a range since early May in between two long-term channels. This has resulted in the formation of a triangle-like pattern, with the upper boundary being set by the senior channel and the lower one—by a trend-line at 31.80.
The US Dollar broke out of this triangle early today, thus suggesting that bulls might pressure the rate higher within the following trading days. The nearest resistance is formed by the aforementioned senior channel and the 61.80% Fibonacci retracement at 32.20. Support is likely to be provided by the 55-, 100– and 200-hour SMAs and the monthly PP near 32.00.
It is expected that the rate continues to respect the senior channel in the medium term and thus reverses to the downside either near 32.20 or the monthly R1 at 32.40.