Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
FxWirePro: Chinese yuan falls drastically in early Asia after PBoC’s loan prime rate decision; hits lowest level since Dec 12, 2019
Overbought & selling pressures in major trend signalled by leading oscillators, Bears fall back in range on failure swings at range resistance, RSI shows faded strength to plummet prices below EMAs
FxWirePro: USD/THB consolidates around 30.80 mark, stay neutral
We prefer to go short on USD/THB only below 30.70, stop loss at 30.94 and target of 30.56/30.42 mark.