USD Strength Ahead of JOLTS

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USD Strength Ahead of JOLTSUSD/THBOANDA:USDTHBYES_GroupMarket Analysis: The Greenback received solid support yesterday following an impressive ISM Manufacturing PMI print of 54.0, beating the estimated 53.3 and indicating sustained expansion in the manufacturing sector. Coupled with cautious remarks from Fed officials regarding interest rate cuts, the USD is poised for continued strength. However, overall gains for USDTHB may be capped in a range due to supportive capital inflows into Asia. For tonight, market participants are heavily focused on the U.S. JOLTS Job Openings at 21:00, expected at 6.87 million. A higher-than-expected figure would signal persistent labor tightness, reducing rate-cut bets and acting as a short-term catalyst for USDTHB. Technical Outlook: On the 4-hour (4H) timeframe, the overall structure remains bound within a sideways range. In the short term, price action shows potential to reclaim a position above the EMA line, backed by an RSI recovery from oversold conditions heading toward the 50 mid-line. Additionally, if the domestic SET index registers losses in the afternoon session, it could provide the necessary momentum for USDTHB to retest its immediate resistance zone between 32.62 and 32.64. Support Level : 32.55 – 32.54 Target : 32.62 – 32.64 Stop Loss : 32.52