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DOLLAR-THB : USD/THB has slipped amid broader USD....>

DOLLAR-THB
DOLLAR-THB : USD/THB has slipped amid broader USD weakness. The rate last sits
at THB30.90, 6 pips lower on the day. The low of Jun 11, located at THB30.83,
provides the initial bearish target. A break below this key support level would
open up the 76.4% retracement of the Dec 30 - Apr 2 rally at THB30.73. Bulls
look for a rebound above the 200-DMA at THB31.11, which would turn focus to Jun
17 high of THB31.24, a key near-term resistance.
- Worth re-flagging yesterday's comments from Thai PM Prayuth Chan-Ocha, who
said that he is considering whether to extend Thailand's state of emergency
beyond the current Jun 30 deadline.
- Thailand's customs trade balance is due within 45 minutes or so, with a
monetary policy decision from the BoT coming up later in the day. 22 out of the
26 economists surveyed by BBG expect policymakers to leave the main policy rate
unchanged at 0.5%.

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