Market Analysis: USDTHB is expected to trade with a steady-to-bullish bias in the short term. The DXY index rose to 101.21, accompanied by higher crude oil prices due to US-Iran tensions and Houthi blockade threats against Saudi shipping routes. These supply concerns sparked safe-haven inflows into the US Dollar. Today, market focus shifts to the EIA crude oil inventories report and MBA mortgage applications to evaluate energy demand and inflation pressures. A larger-than-expected crude oil drawdown could elevate energy prices and inflation expectations, dampening Fed rate cut prospects and supporting the greenback. Meanwhile, a slightly positive opening in the Thai stock market may provide mild support for the Baht, though its impact remains limited by broader USD strength.

Technical Outlook : Bullish Bias. The chart structure maintains a strong bullish outlook, supported by a sequence of Higher Lows (HL) and a Break of Structure (BOS) while trading above both EMA lines. The RSI stands at 69, reflecting dominant buying momentum as it approaches Overbought territory, while the MACD remains above the signal line with a positive histogram. A firm breakout and consolidation above 33.79 will confirm the bullish continuation toward the 33.81–33.84 target zone. Conversely, the elevated RSI indicates a risk of short-term profit-taking. Failure to clear 33.79–33.81 could prompt a pullback toward the Fair Value Gap (FVG) at 33.70–33.68, where a breach below 33.70 would signal fading buying power toward the lower Order Block (OB).

Support : 33.73 – 33.70

Resistance : 33.79

Target : 33.81 – 33.84

Cut Loss : 33.69