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DOLLAR-THB : USD/THB has added 13 pips and deals.....>

DOLLAR-THB
DOLLAR-THB : USD/THB has added 13 pips and deals at THB31.47 at typing. Thailand
reported four additional cases of coronavirus, and its domestic case count now
stands at 47. In local data, CPI slowed to +0.74% Y/Y from +1.05%, modestly
undershooting consensus forecast of +0.80%.
- The rate has punched through yesterday's highs and bulls look to take out the
Mar 3 high of THB31.64. Above there would return the focus to the Feb 26 cycle
peak at THB31.93. Bears focus on THB31.31/32 area, which has limited losses this
month. A drop under these levels would open up the 38.2% retracement of the Deb
30 - Feb 26 rally at THB31.18.
- Thailand's weekly update on foreign reserves comes out on Friday.

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