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FxWirePro: Thai baht marginally higher against U.S. dollar, stay bearish

Thursday, January 26, 2017 3:09 AM UTC

USD/THB is currently trading around 35.20 marks.
It made intraday high at 35.23 and low at 35.18 marks.
Intraday bias remains bearish till the time pair holds key resistance at 35.41 marks.
On the top side key resistances are seen at 35.41, 35.67, 35.74, 35.84, 35.93, 36.01, 36.08, 36.39 and 36.66 marks respectively.
Alternatively, a daily close below 35.21 will drag the parity down towards key supports around 35.04, 34.83, 34.64, 34.51 and 34.20 marks respectively.

We prefer to take short position in USD/THB around 35.22, stop loss 35.41 and target of 35.04.

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FxWirePro: Thai baht marginally higher against U.S. dollar, stay bearish

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