FxWirePro: Thai baht trades flat at 32.65 mark, sustained close above requires for upside rally

• USD/THB is currently trading around 32.61 marks.
   
• It made intraday high at 32.67 and low at 32.61 marks.
   
• Intraday bias remains neutral for the moment.
   
• On the top side, key resistances are seen at 32.65, 32.90, 33.05, 33.20, 33.37, 33.52, 33.78 and 33.96 marks respectively.
   
• Alternatively, a daily close below 32.65 will drag the parity down towards key supports around 32.42, 32.27, 32.18, 32.02 and 31.85 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.