| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The US Dollar has been appreciating against the Thai Baht since the beginning of July when the USD/THB exchange rate reversed north from the lower boundary of the long-term descending channel at 30.55.
Currently, the currency pair is testing the resistance level formed by the monthly PP at the 30.96 mark. From a theoretical perspective, it is expected, that some upside potential could prevail in the market within the following trading sessions. Important resistance level to look out for is the monthly R1 at 31.29.
If the monthly PP holds, it is likely, that a reversal south could occur in the nearest future. Note, that the rate could be supported by the Fibonacci 100.00% retracement at 30.57.