Technical Outlook: The AUDTHB structure remains within an uptrend, maintaining higher highs (HH) and lower lows (HL) while continuously tracking above the ascending uptrend line. Although momentum slowed near short-term resistance levels, the price remained above key support levels, skewing the overall trend towards the upside. If the price continues to hold above the EMA line, it is likely to retest the resistance at 23.24 and the demand block (OB) area around 23.28.
Risks: Despite the underlying bullish structure, slowing RSI and MACD signals that purchasing power is weakening in the short term. If the price fails to stay above the EMA line, it may pull back to test the support levels at 23.15 and 23.13. Moreover, a positive opening in the Thai stock market during the morning session could put additional pressure on AUDTHB.
Support level: 23.15 – 23.13
Target: 23.24 – 23.28
Stop loss: 23.12
