Strong Yields Support USDTHBUSD/THBOANDA:USDTHBYES_GroupMarket Analysis: The 10-year US Bond Yield rebounded to 4.469%, providing support for a stable-to-bullish USDTHB. Today, markets are closely watching the June ADP Employment Change, which is expected to slow slightly to 118K from 122K, reflecting cooling in the US labor market. Additionally, the June ISM Manufacturing PMI is expected to drop to 53.7 from 54.0, while the ISM Prices Paid index is anticipated at 79.0 down from 82.1 Better-than-expected data could bolster the USD and weaken the Baht, whereas lower prints would compress the USD and support Baht strength. Investors are also keeping an eye on evening EIA crude oil inventory reports for short-term inflation cues, all while awaiting the key Nonfarm Payrolls release on Thursday. Technical Outlook: The overall technical picture for USDTHB exhibits a sideway-up to bullish bias after bouncing from the demand zone and reclaiming the Fibonacci 0.5 level (33.297), indicating returning short-term buying pressure. The RSI has climbed into the overbought territory around 71, signaling strong upward momentum but raising the possibility of short-term profit-taking. Meanwhile, the MACD remains above both the signal line and the zero line, with an expanding histogram confirming the bulls hold the upper hand. If the price manages to sustain above 33.33, it has a good chance to test the immediate resistance target at 33.36–33.40, which would solidify a short-term uptrend. Risks & Nuances: Despite the bullish momentum, the overbought RSI implies an ongoing risk of sudden profit-taking, particularly near the 33.33 zone where heavy selling volume (Volume Profile) and Fibonacci resistance cluster. Failure to break this ceiling could induce a pullback toward the 33.26–33.24 support area. Dropping below 33.26–33.23 would flip the short-term outlook bearish, opening the door for a retest of previous lows. Additionally, a positive open in the Thai stock market this morning could exert further downward pressure on USDTHB. Support Level : 33.26–33.24 Target : 33.36–33.40 Stop Loss : 33.22