USD/THB: Further consolidation remains on the cards – UOB

Markets Strategist at UOB Group Quek Ser Leang suggests USD/THB could navigate within the 32.55-33.05 range in the next few weeks.

Key Quotes

“After dropping to a low of 32.57 last Monday (23 Jan), USD/THB traded sideways for the rest of the week. The combination of waning downward momentum and oversold conditions suggests USD/THB has moved into a consolidation phase.”