AUDTHB Tracks Market SentimentAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_GroupMarket Analysis: AUDTHB is projected to range-trade in line with broader sentiment across Asian markets. With no major economic releases slated out of Australia today, the Aussie remains closely tied to US Dollar movements, general investor risk appetite, and economic developments in China—Australia’s top trading partner Technical Outlook: AUDTHB remains locked in a clear “Sideway” configuration within the 22.958 – 23.109 boundaries, as the price has yet to break above resistance or slide beneath support. Currently, the price is oscillating near the Fibonacci 0.618 level (23.016), a zone that has consistently triggered buying interest on previous tests. The RSI is sitting at 47, demonstrating a balanced tug-of-war between buyers and sellers, while the MACD hovers close to its zero line. Though momentum remains soft, there are nascent signs of selling pressure tapering off. If the pair secures its footing above 23.01–23.03, it could rebound toward resistance at 23.05–23.08, with a break higher clearing the path back to the old peak of 23.11. Trading Risks: Even though buyers are beginning to re-emerge around support levels, the overarching sideways pattern raises the probability of a false breakout. Should the price slide past the 22.96 support mark, renewed selling momentum could drag the asset down to fresh short-term lows. Support Level : 22.96 Target : 23.05 – 23.08 Stop Loss : 22.95