USDTHB Awaits CPI DataUSD/THBOANDA:USDTHBYES_GroupMarket Analysis: USDTHB is expected to maintain a steady-to-bullish bias in the short term as market participants intensely focus on the upcoming release of June US CPI and Core CPI data. Concurrently, traders are monitoring a speech by Fed Vice Chair for Supervision Michael Barr to gauge inflation trajectories and the Fed’s monetary policy path. Higher-than-expected inflation figures could significantly dampen interest rate cut expectations, reinforcing greenback strength. Additionally, any hawkish rhetoric supporting a “higher-for-longer” interest rate environment acts as an underlying tailwind, while a positive opening in the Thai stock market remains a near-term downside risk factor. Technical Outlook: Bullish Bias. The short-term structure exhibits bullish characteristics after recovering from the 33.33 level and firmly reclaiming a position above the EMA line. However, the price is currently testing crucial resistance at 33.53 (the previous high), introducing the risk of a Double Top pattern if the breakout fails. The RSI sits at 72, entering the Overbought territory; while this confirms that buyers retain immediate control, it flags a rising risk of short-term consolidation. Meanwhile, the MACD remains above the signal line with a sustained positive histogram, affirming strong upward momentum. A decisive breakout above 33.53 will open the upside toward the 33.60–33.64 targets. Conversely, failure to clear 33.53 could trigger profit-taking, sending the price back to test the 33.45–33.42 support zone, with a breach below 33.36 risking a deeper retracement toward 33.33. Support : 33.45 – 33.42 Resistance : 33.53 Target : 33.60 – 33.64 Cut Loss : 33.40