| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The USD/THB exchange rate continued to trade downwards. The rate has already declined below the 31.20 level.
Given that the currency pair is pressured by the 100– and 200-hour moving averages, it is likely that some downside potential could continue to prevail in the market. In this case the pair could re-test the psychological level at 29.80.
Meanwhile, note that the exchange rate could gain support from the monthly S3 at 30.79. If the given level holds, it is likely that a reversal north could occur and the rate could re-test the Fibo 38.20% at 32.07.