Baht Drops Through 200-DMA for First Time Since June
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Baht weakens beyond 200-DMA for the first time since June 2, amid its longest losing streak since July 2015.
Alert: HALISTER1- Baht drops 0.5% to 35.253 per dollar, breaking through 200- DMA at 35.221; falling for seventh straight day
- USD/THB 1st resistance at 35.306, July 8 high; 2nd resistance: 35.568, June 24 high; 3rd resistance: 35.814, May 19 high
- 1st support: 35.221, 200-DMA; 2nd support: 34.976, 100- DMA; 3rd support: 34.749, 50-DMA
- USD/THB 14-day RSI now in overbought territory at 75
Source: BFW (Bloomberg First Word)
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UUID: 7947283