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DOLLAR-THB : USD/THB last sits +4 pips at............>

DOLLAR-THB
DOLLAR-THB : USD/THB last sits +4 pips at THB31.88, edging higher amid a wider
defensive feel, with U.S.-China tensions in focus. Locally, customs trade data
will be released at the bottom of the hour, with an update on foreign reserves
due later in the day.
- A fall below channel floor/100-DMA at THB31.69/64 would support the bearish
case, opening the 50% retracement of the Dec 30 - Apr 2 rally at THB31.57. On
the flip side, bulls keep an eye on May 14 peak at THB32.12.

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