Charts – Weekly

Latest thoughts from our resident chartist Ploy!

Nothing has been changed much while the market is testing its Previous High.

The US Dollar index is stalling at the X-support, as shown in the chart below. We have to wait and see whether the index can make a strong rebound from the support. Key resistance is at 79.20-79.40. Meanwhile, the Baht/Dollar exchange rate has fallen below the support 30.50-30.45, given last week, but it is making a rebound, with the same support becoming its resistance. If the rate can stay above 30.51-30.54 baht/dollar, it may head up higher and the weaker baht will push the SET down.

 

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