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FxWirePro: Thai baht trades flat ahead of trade balance data

  • USD/THB is currently trading around 30.41 marks.
     
  • It made intraday high at 30.42 and low at 30.38 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • On the top side, key resistances are seen at 30.49, 30.72, 30.97, 31.20, 31.50 and 31.70 marks respectively.
     
  • Alternatively, a daily close below 30.28 will drag the parity down towards key supports around 30.15, 29.96, 29.72, 29.55, 29.25 and 28.56 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Thailand will release trade balance data around 0330 GMT.

We prefer to go long on USD/THB only around 30.40, stop loss at 30.30 and target of 30.72.

  • Market Data
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