USDTHB Holds Range Ahead of FedUSD/THBOANDA:USDTHBYES_GroupFriday Recap 11/9/26 On Friday, US inflation data came in relatively firm, particularly Core CPI MoM, which rose 0.3%, above the market expectation of 0.2%, indicating that underlying prices of goods and services continued to rise. Although both Headline CPI YoY and Core CPI YoY came in line with expectations, the stronger-than-expected monthly Core CPI raised concerns that the Fed may not rush to cut interest rates or could ease monetary policy more slowly than previously expected. This could support the USD in the short term. Meanwhile, US equities rebounded, with the S&P 500 up 0.86%, Dow up 0.91%, and Nasdaq up 0.98%. However, the broader market backdrop remains relatively tense, as August US inflation was broadly in line with expectations, while the market increased its focus on the possibility of a Fed rate hike at this week's meeting. The US 10-Year Treasury Yield remained around 4.96%. USDTHB Fundamental 14/9/26 Key Events Today There are no major US economic releases today. As a result, the USD is likely to be driven primarily by global market factors and US Treasury yields, with the market positioning ahead of the September 15–16 Fed meeting and closely monitoring elevated Bond Yields. Therefore, USDTHB is expected to move within a range, with the market primarily focusing on USD direction, US Bond Yields, and Risk Sentiment. If Treasury Yields remain elevated, they could help limit the downside of USDTHB. USDTHB – Technical Analysis Bias: Sideway Up Price is beginning to form a Higher Low (HL) structure and remains above 33.05. If price can hold above this level, it could move higher to test 33.17 and 33.20. However, a break below 33.00 would invalidate the Sideway Up structure and could lead to further downside correction. Resistance: 33.17 / 33.20 Support: 33.05 / 33.00 Target: 33.17 → 33.20 Cut Loss: 33.00