U.S. Dollar / Thai Baht - USD/THB

Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.

If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.

USD/THB is an exotic forex pair representing how many Thai bahts equal one US dollar. The Thai baht is issued by the Central Bank of Thailand and was pegged to the US dollar until 1977. The central bank released the peg after it became too expensive to maintain and its foreign reserves were depleted.

Since the unpegging, Thailand’s economy has grown relatively strong. For example, the country’s poverty rate shrunk from 67% in 1986 to 7.2% in 2015. Thailand’s main exports are manufactured goods such as office machinery, integrated circuits and vehicular parts.

The US dollar, meanwhile, is influenced by a confluence of factors including GDP, inflation, global trade, and the country’s involvement in geopolitical factors.