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Forex Flash: USD/THB has further upside for the near term - ANZ

FXstreet.com (Barcelona) - “Our long USD/THB trade recommendation, initiated on 24 April, is close to our initial target of 29.70,” ANZ analysts note, adding: “Though the move higher in USD/THB over the past couple of weeks has been sharp, we believe there is further upside in the near-term,” they suggest.

“Hence, we are adjusting our target to 30.20, and our stop-loss level to 29.3 to ensure that this trade closes at a profit,” ANZ concludes.

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