- USD/THB is currently trading around 31.46 marks.
- It made intraday high at 31.47 and low at 31.32 marks.
- Intraday bias remains bullish till the time pair holds key support at 31.18 mark.
- On the top side, key resistances are seen at 31.50, 31.70, 31.92, 32.14, 32.48 and 33.23 marks respectively.
- Alternatively, a daily close below 31.36 will drag the parity down towards key supports around 31.18, 30.97, 30.87, 30.70 and 30.56 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand’s CPI y/y stands at 0.74 pct vs 1.05 pct previous release (expected 0.77 pct).
- Thailand’s core CPI stands at 0.58 pct vs 0.47 pct previous release (expected 0.50 pct).
We prefer to go long on USD/THB around 31.40, stop loss at 31.25 and target of 31.70/31.92.
