AUD/THB Tumbles Below Key Moving Averages

The Australian dollar (AUD) to Thai baht (THB) exchange rate is currently trading at ฿23.348, having slipped modestly in the session.

According to Traders Union, the AUD/THB pair faces strong short-term and medium-term selling pressure as it trades below key moving averages.

The bearish momentum dominates with multiple indicators in oversold territory, indicating a high probability of continued downside.

The expected trading range is ฿23.231 to ฿23.465, with immediate support at ฿23.231 and resistance at ฿23.448.