By Catherine Tan — Apr 02 - 07:46 PM
• USD/THB jumps; markets spooked by steeper-than-expected tariffs
• Trump says he will impose 10% tariff on all imports
• USD/THB shot up to 34.45 high early, up from 34.27 NY close
• Supports at 34.20, 34.0; resistance at 34.60, 34.80
• Overbought 21days BB and record high gold prices to cap rally intraday
• Bullish bias intact as GDP growth will be further weakened by tariffs
• Buy dips preferred, strong support at 34.0
THB
(Catherine Tan is a Reuters market analyst. The views expressed are her own.)
Source:
London Stock Exchange Group | Thomson Reuters
