| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The USD/THB exchange rate has been consolidating around the psychological level at 30.80. Currently, the rate is testing the support level formed by the Fibonacci 100.00% retracement at 30.57.
Note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 30.66/30.79 range. Thus, it is likely, that some downside potential could prevail in the market. In this case, the pair could re-test the lower boundary of the long-term descending channel located in the 30.20/30.40 range.
However, if the given support level holds, it is likely, that a reversal north could occur within the following trading sessions. Important resistance level to look out for is the monthly S2 at the 31.07 mark.