AUDTHB Awaits Trade Balance

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AUDTHB Awaits Trade BalanceAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_GroupMarket Analysis: AUDTHB is likely to trade within a neutral-to-slightly bullish bias today. Investors are awaiting Australia’s May Trade Balance, which is expected to rise to 2.180B from 1.791B. A higher-than-expected surplus, alongside positive export/import metrics, would reflect robust external trade and provide fundamental support for the Aussie dollar. For the evening session, the US Nonfarm Payrolls will guide the ultimate direction; a disappointing US jobs report would weaken the USD and lift AUD, while a stronger print would weigh on AUDTHB in the short term. Technical Outlook: In the short term, AUDTHB is consolidating sideways after recovering from recent lows and is currently hovering around its Point of Control (POC). Buyers are defending the key support zone at Fibonacci 0.382–0.5 (22.94–22.91), indicating an ongoing effort to stabilize the price. Trading around 22.98, a clear move above 23.00 and a breakout over 23.02 would unlock further upside toward the 23.05–23.08 resistance zone. However, with the MACD showing signs of weakening and the RSI struggling to print a strong move above 50, upside remains limited. A break under 22.94 could lead to a deeper correction toward 22.91–22.88, especially if the morning Thai stock market opens in positive territory. Support Level : 22.94–22.91 Target : 23.05–23.08 Stop Loss : 22.87