USDTHB Holds Bullish BiasUSD/THBOANDA:USDTHBYES_Group- Friday Recap On Friday, USDTHB closed at 32.93 in the Thai market. Meanwhile, the Jackson Hole 2026 meeting delivered a relatively Hawkish signal, with the Fed emphasizing that U.S. inflation remains above the desired level. Warsh stated that if the Fed is still not confident that underlying inflation is returning toward the 2% target, the central bank may need to take further policy action. He also left the possibility open that rate hikes may become necessary if price pressures remain elevated. This supported the USD on expectations that interest rates could remain higher for longer. U.S. Bond Yields may have room to rise, particularly at the short end of the curve. Gold could face pressure from a stronger Dollar and higher Bond Yields, while equities may come under pressure from higher financing costs. - Fundamental 31/8/26 Key News Today TH: 14:00 – Export YoY | - | 21.10% TH: 14:00 – Trade Balance | - | -2.70B US: 20:45 – Chicago PMI | 57.8 | 57.6 US: 21:30 – Dallas Fed Manufacturing Business Index | - | 1.3 Today, the Thai market will focus on July Export and Trade Balance data, which are important for assessing Thailand’s economic outlook and foreign currency flows. If the figures come in stronger than expected, this could support the Thai Baht and limit further upside in USDTHB. Meanwhile, on the U.S. side, the market will monitor Chicago PMI and the Dallas Fed Manufacturing Index to assess the outlook for the manufacturing sector. Stronger-than-expected data could provide additional support for the USD and Bond Yields. Following the Hawkish signal from Jackson Hole, the market remains focused on the Fed’s interest rate outlook and the direction of Bond Yields. If the USD and Bond Yields continue to rise, this would be a positive factor for USDTHB. On the other hand, weaker-than-expected U.S. economic data or stronger support for the Thai Baht from robust export figures could limit the upside in USDTHB. Overall, USDTHB is expected to move within a range with a slight bullish bias, with the main focus on Thai economic data, U.S. economic data, Bond Yields, and the direction of the USD. - Technical Analysis Bias: Sideway Up USDTHB remains in a Sideway Up trend, with the price trading above the EMA200 and the structure continuing to form Higher Lows. The market is waiting for a pullback to test 33.11. If the level holds, USDTHB could move higher to test 33.19, with a target at 33.23. Resistance: 33.19 This is a key resistance level. If the price breaks out and holds above 33.19, it could open the way for further upside. Support: 33.11 This is an important support level around the Higher Low (HL). As long as the price remains above this level, the overall structure remains Sideway Up. Target: 33.23 Cut Loss: 33.11 A break below 33.11 would invalidate the current Higher Low structure and could lead to further downside.