- USD/THB is currently trading around 33.01 marks.
- It made intraday high at 33.02 and low at 32.99 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 33.15 mark.
- A daily close below 33.00 will drag the parity down towards key supports around 32.93, 32.85, 32.77 and 32.34 marks respectively.
- On the top side, key resistances are seen at 33.10, 33.22, 33.38, 33.46, 33.52, 33.77, 33.94, 34.10, 34.23, 34.34, 34.48, 34.55, 34.67 and 34.74 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 in USD/THB around 33.00, stop loss at 33.15 and target of 32.85/32.77.
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