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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

THB

USD/THB firmed up at the re-open, as greenback appreciation drove a move higher in USD/Asia. The spot last trades +7 pips at THB30.10, with bulls looking to take out the 50-DMA (THB30.21), sandwiched between Jan 12 high of THB30.19 & Dec 24 high of THB30.24. The nearby presence of the 23.6% recovery of the Jul - Dec 2020 sell-off at THB30.26 adds to the importance of this area. Bears look for a dip through trendline support at THB29.92, which would open up Jan 4 & 5 lows of THB29.84.

  • Friday saw the BoT warn that it may need to revise its 2021 GDP estimate lower, as the latest Covid-19 outbreak weighs on economic recovery.
  • Thai PM Prayuth wrote in a Facebook post that no Covid-19 jab will be rolled out in Thailand before it is proven safe.
  • Thai Customs Office will release the trade report for Dec this Friday.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com