- USD/THB is currently trading around 31.21 marks.
- It made intraday high at 31.22 and low at 31.19 marks.
- Intraday bias remains neutral till the time pair holds key support at 31.10 mark.
- On the top side, key resistances are seen at 31.30, 31.50, 31.59, 31.75, 31.92, 32.00, 32.13, 32.28, 32.39, 32.46, 32.61 and 32.85 marks respectively.
- Alternatively, a daily close below 31.20 will drag the parity down towards key supports around 31.08, 31.01 and 30.83 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 only below 31.10, stop loss at 31.30 and target of 30.83.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest