USDTHB Strengthens on Strong NFP

Wait 5 sec.

USDTHB Strengthens on Strong NFPUSD/THBOANDA:USDTHBYES_GroupMarket Analysis: The USD continues to be supported by Friday’s robust NFP data, which has led the market to scale back expectations for near-term Fed rate cuts. Additionally, rising geopolitical tensions in the Middle East boosted crude oil prices and weighed on gold this morning, driving the USD stronger early in the session. Investors should monitor today’s CB Employment Trends Index and US Consumer Inflation Expectations. A higher-than-expected inflation forecast would reinforce the “higher-for-longer” interest rate narrative, supporting the USD and pushing USDTHB upward, while the Baht lacks new positive catalysts in the short term. Technical Outlook: On the 4-hour timeframe (4H), the overall structure remains in a sideway up trend after successfully holding above the previous demand zone. On the 1-hour timeframe (1H), the price has rebounded after testing the 32.78 level, continuing to trade above the EMA with the MACD staying in positive territory. Although the histogram shows signs of slowing down, short-term buying pressure still holds the upper hand. If the price can sustain above 32.78, it has a good chance to challenge the resistance at 32.89. Support Level : 32.78 – 32.74 Target : 32.89 Stop Loss : 32.73