| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The US Dollar continued to appreciate against the Thai Baht. The USD/THB currency pair has already surpassed the 31.30 level.
Note that the exchange rate is supported by the 100– and 200-period moving averages (4H time-frame chart), currently located near 31.40 and 31.10 respectively. Thus, some upside potential could continue to prevail in the market.
However, note that the currency pair would have to surpass the Fibonacci 38.20% retracement at 32.07. If the given resistance level holds, it is likely that a reversal south could occur. In this case the pair could gain support of the monthly S1 at 31.00.