USD/THB 4H Chart: Downside Potential Could Prevail

Since the middle of December, the USD/THB exchange rate has been trading sideways within a symmetrical triangle pattern. As apparent on the chart, the rate has broken the lower pattern line. Given that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 30.00 area, it is likely that some […]
The post USD/THB 4H Chart: Downside Potential Could Prevail appeared first on Action Forex .