AUDTHB Eyes Further Gains

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AUDTHB Eyes Further GainsAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_GroupMarket Analysis: AUDTHB exhibits a neutral-to-bullish bias following strong domestic and regional data. Australia’s Services PMI returned to expansionary territory at 50.5, while China’s Caixin Services PMI beat expectations at 54.1. This solid Chinese data reinforces optimistic growth prospects for Australia’s largest trading partner, boosting the Aussie. Technical Outlook: The chart displays a Sideways-to-Sideways Up structure. The price continues to hold above key support and the EMA line. The RSI at 55.92 confirms that buyers are gaining control, supported by a bullish MACD crossover and a positive histogram, signaling further upside if 23.01 is cleared. Support Level : 22.97 – 22.95 Target : 23.01 – 23.03 Stop Loss : 22.94