USD/THB 1H Chart: Short-term increase expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator 4H 1D 1W
 MACD(12;26;9) Buy Sell Sell
 RSI(14) Sell Neutral Buy
 Stochastic(5;3;3) Sell Sell Neutral
 Alligator(13;8;5) Buy Neutral Sell
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate

The USD/THB exchange rate reached the support level formed by the Fibonacci 100.00% retracement and reversed south at the end of February.  

Given that the currency pair is being supported by the 55-, 100– and 200-hour SMAs, it is expected that bulls prevail in the market within following sessions. Important resistance level to look out for is the Fibonacci 61.80% retracement at 32.03. 

It is the unlikely case that bears prevail in the market in the nearest future, and the pair surpasses given support level.

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