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FxWirePro: Thai baht erases previous gain against U.S. dollar, short term trend reversal likely

  • USD/THB is currently trading around 31.37 marks.
     
  • It made intraday high at 31.40 and low at 31.31 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 31.20 marks.
     
  • On the top side, key resistances are seen at 31.50, 31.70, 31.99, 32.10, 32.22 and 32.54 marks respectively.
     
  • Alternatively, a daily close below 31.35 will drag the parity down towards key supports around 31.20, 31.06 and 30.87 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take long position on USD/THB around 31.35, stop loss at 31.20 and target of 31.50/31.70.

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2019-07-02 15:32:08
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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 764634764634m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 764634764634m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 776454776454m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 764634764634m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776454776454m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764634764634m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764634764634m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764634764634m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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