- USD/THB is currently trading around 33.30 marks.
- It made intraday high at 33.33 and low at 33.26 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 30.36 mark.
- On the top side, key resistances are seen at 33.36, 33.48 and 33.78 marks respectively.
- Alternatively, a daily close below 33.20 will drag the parity down towards key supports around 33.05, 32.90, 32.66 and 32.50 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on USD/THB around 33.28, stop loss at 33.20 and target of 33.48.