Poon said that the baht might weaken due to the worry from the Omicron variant of Covid-19 in the country. Investors should speculate the investment from foreign investors as they were previously invested in Thai stocks. 

However, foreign investment could change the direction in the short term especially in the short term bonds.

Poon said that the baht might reach the key resistance level at 33.80 to the dollar if it continues to weaken. It could test the key resistance level at 34 to the dollar if it weakens past the previous level. 

Poon said that the baht should strengthen in the short term according to the technical sign. He thought that the baht will not weaken much if foreign investors does not sell a large number of Thai assets.

Meanwhile, the support level of baht would be from 33.40 to 33.50 to the dollar.