AUDTHB Under Pressure from Risk-Off SentimentAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_GroupMarket Analysis: The Australian market is closed today for the King’s Birthday, leading to thinner liquidity for AUD than usual. Meanwhile, rising tensions in the Middle East—following Iran’s missile strikes on Israel—have pushed investors into risk-off mode and driven the VIX index higher. This market anxiety pressures risk-sensitive currencies like the AUD. Additionally, the Thai Baht continues to be supported by regional capital inflows. However, the AUD still finds some support from expectations that the RBA maintains a relatively hawkish stance, suggesting a potential short-term rebound for AUDTHB. Technical Outlook: On the 4-hour timeframe (4H), the overall picture shows a Sideways Down structure, with a short-term downtrend. At market open, the price rebounded above the EMA lines while the MACD crossed upward, reflecting a return of buying pressure. Furthermore, the SET index is expected to open lower due to the geopolitical tensions in the Middle East, which could trigger foreign capital outflows, weaken the Baht, and potentially push the price to retest the resistance zone at 23.20 – 23.24. Risk Factors: AUDTHB has moved higher due to technical buybacks and a positive outlook toward the RBA. However, the price is currently facing a key resistance zone at 23.20 – 23.24. If it fails to break and hold above this zone, profit-taking could trigger a pullback to retest the support levels at 23.09 – 23.05. Support Level : 23.09 – 23.05 Target : 23.20 – 23.24 Stop Loss : 23.08