- USD/THB is currently trading around 32.29 marks.
- It made intraday high at 32.33 and low at 32.24 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 32.48 mark.
- On the top side, key resistances are seen at 32.48, 32.70, 32.83, 32.92, 33.07, 33.15, 33.32 and 33.52 marks respectively.
- Alternatively, a daily close below 32.28 will drag the parity down towards key supports around 32.20, 32.07, 31.85 and 31.60 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 short position on USD/THB around 32.30, stop loss at 32.50 and target of 31.85.
