AUDTHB Eyes Tomorrow’s Inflation Report

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AUDTHB Eyes Tomorrow’s Inflation ReportAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_GroupMarket Analysis: There is no direct Australian economic data today, leaving the short-term direction dependent on overall market sentiment and USD movements. Additionally, market participants are eyeing tomorrow’s CPI release at 8:00 AM. A higher-than-expected inflation reading could revive hawkish RBA expectations and provide renewed support for the AUD. Technical Outlook: The overall structure on the 4-hour timeframe (4H) shows a Sideway Up pattern. In the short term, the price has climbed back above the EMA line following buying pressure at 23.28. The MACD has formed a bullish crossover with a steadily recovering histogram, indicating returning buy momentum. Furthermore, the RSI has crossed above the midline. If the SET index opens in negative territory this morning, combined with the emergence of two Imbalance candles forming a KINK, a retest of this KINK area could propel the price to test the resistance zone at 23.40 – 23.42. However, if the SET opens positive, the AUDTHB may face downward pressure to test support at 23.34 as the RSI approaches overbought territory. Stop Loss : 23.32 Support Level : 23.34 Target : 23.40 – 23.42