USDTHB Eyes Jackson HoleUSD/THBOANDA:USDTHBYES_GroupYesterday Recap – 27/8/26 Yesterday, USDTHB closed at 32.88 in the Thai market. Meanwhile, U.S. labor market data came in better than expected, with Initial Jobless Claims at 203K, compared with the forecast of 208K, while Continuing Jobless Claims came in at 1,778K, below the forecast of 1,790K. The stronger-than-expected labor market data reflected continued resilience in the U.S. labor market and provided support for the USD. Fundamental Analysis – 28/8/26 Key Events Tonight US: 19:00 – Jackson Hole Symposium US: 21:00 – Michigan Consumer Sentiment Forecast: 51.0 | Previous: 51.0 US: 21:00 – Michigan 1-Year Inflation Expectations Forecast: 4.3% | Previous: 4.3% US: 21:00 – Warsh Fed Governor Speaks Today, the market will focus on the Jackson Hole Symposium, particularly comments from the Federal Reserve, which could influence expectations for interest rates and U.S. Treasury yields. A hawkish tone could support the USD and USDTHB, while a dovish tone could put pressure on the USD. Today, the market will focus on the Jackson Hole Symposium, particularly comments from the Federal Reserve, which could influence expectations for interest rates and U.S. Treasury yields. A hawkish tone could support the USD and push USDTHB higher, while a dovish tone could put pressure on the USD. In addition, Michigan Consumer Sentiment and Inflation Expectations will provide further insight into the U.S. economic outlook and inflation expectations. Stronger-than-expected figures could provide additional support for the USD. On the Thai baht side, sentiment toward U.S. equities remains positive, supported by NVIDIA's strong earnings and guidance, while the decline in the VIX may support risk assets and the Thai baht. However, USD strength and potential volatility surrounding Jackson Hole remain key factors to monitor. Overall, USDTHB is expected to move within a range with a slight Sideway Up bias, supported by the stronger-than-expected Jobless Claims data. Volatility could increase around the Jackson Hole Symposium, with the market focusing mainly on Fed comments, U.S. Treasury yields, and the direction of the USD. Technical Analysis Bias: Sideway Up USDTHB has broken above the 32.90 zone and remains above the EMA200, while continuing to form Higher Lows. Therefore, the short-term bias remains Sideway Up. Resistance is seen around 32.94. A break above this level could open the way for a move toward the 33.00 target. Meanwhile, 32.90 and 32.85 are key support levels. A break below 32.85 would weaken the short-term bullish structure. Resistance: 32.94 A key resistance level. If USDTHB breaks above 32.94, the upside could extend toward the 33.00 target. Support: 32.90 The first support level. As long as the price remains above this level, the Sideway Up structure remains intact. Support: 32.85 A key support level. A break below this level could weaken short-term upward momentum. Target: 33.00 Cut Loss: 32.85 If the price breaks below 32.85, the short-term bullish structure would be invalidated, increasing the risk of further downside.