AUDTHB Holds Bearish BiasAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_Group- Yesterday Recap 2/9/26 Yesterday, AUDTHB closed at 23.72 in the Thai market. The market continued to monitor the direction of the AUD, particularly Australian economic data and the RBA's monetary policy outlook, while the overall direction of the USD remained an important factor for AUDTHB. - Fundamental 3/9/26 Key Economic Releases AU: 06:00 Services PMI | 53.2 | 52.9 | 53.6 AU: 08:30 Trade Balance | 1.923B | 1.400B | 2.341B Today, the AUD is influenced by both Services PMI and Trade Balance data. Services PMI for August came in at 53.2, above the forecast of 52.9, but lower than the previous reading of 53.6. This indicates that the services sector continues to expand, although the pace of growth has slowed slightly. Overall, this is a moderately positive factor for the AUD. Meanwhile, Trade Balance came in at 1.923B, above the forecast of 1.400B, although slightly lower than the previous reading of 2.341B. Exports declined by 3.3%, while imports fell by 2.5%. Overall, the data still reflects a stronger-than-expected trade surplus and is therefore positive for the AUD, although the market impact may be limited given the relatively small deviation from expectations. In addition, the market will closely monitor comments from RBA Assistant Governor Jones, particularly regarding inflation, economic conditions, and the interest-rate outlook. A hawkish tone could support the AUD, while a dovish tone could limit further AUD appreciation. Overall, AUDTHB is expected to trade within a range with a slight bullish bias following better-than-expected Services PMI and Trade Balance data. However, the market will continue to focus on the RBA's stance and overall USD direction. Technical Analysis – AUDTHB 1H Bias: Bearish AUDTHB has declined sharply and broken below the 23.72 support level, with the price now trading below the short-term EMA, indicating bearish short-term momentum. If the price fails to reclaim and hold above 23.72, it could move lower to test 23.62, which is the next support level. On the other hand, a move back above 23.76 would help reduce the downside pressure. Resistance: 23.72 – 23.76 Support: 23.62 Target: 23.62 Cut Loss: Above 23.76