AUDTHB Eyes Trade BalanceAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_GroupAUDTHB Yesterday's Recap AUDTHB closed on 5 August 2026 at 23.38 baht per Australian dollar, trading within a relatively narrow range. The Australian dollar was supported by the prevailing Risk-On market sentiment, while the Thai baht also strengthened on the back of continued capital inflows into risk assets, limiting overall movement in AUDTHB. Fundamental Analysis AUDTHB is expected to trade within a Sideway to Bearish range, with investors closely monitoring Australia's Trade Balance and Building Approvals data for further insight into the country's economic conditions. A stronger-than-expected Trade Balance could provide short-term support for the Australian dollar. However, market participants will also focus on key US economic releases, particularly Initial Jobless Claims, Nonfarm Productivity, and Unit Labor Costs, which could influence the US dollar and broader market sentiment. Meanwhile, the SET Index is expected to open higher in line with the prevailing Risk-On environment, potentially attracting foreign capital inflows into Thai equities. This could further support the Thai baht and keep AUDTHB under downward pressure in the near term. Technical Analysis The overall technical outlook for AUDTHB remains Sideway to Bearish after the pair broke below the key support zone around 23.30–23.28 and continues to trade below its EMA, indicating that sellers remain in control. Although a short-term rebound is possible, failure to reclaim the 23.34–23.36 resistance zone could lead to further downside toward the next support area at 23.25–23.23, which remains the primary bearish target. However, if the pair breaks and holds above 23.35, it would signal that the short-term bearish momentum is fading, increasing the likelihood of a recovery toward the 23.38 resistance level. Bias: Sideway to Bearish Resistance: 23.34 – 23.36 / 23.38 Support: 23.30 – 23.28 / 23.25 – 23.23 Target: 23.25 – 23.23 Cut Loss: 23.35