- USD/THB is currently trading around 33.59 marks.
- It made intraday high at 33.64 and low at 33.56 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 33.77 mark.
- On the top side, key resistances are seen at 33.77, 33.94, 34.10, 34.23, 34.34, 34.48, 34.55, 34.67, 34.74, 34.82, 34.97, 35.11 and 35.20 marks respectively.
- Alternatively, a daily close below 33.61 will drag the parity down towards key supports around 33.01 and 32.54 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 33.60, stop loss 33.77 and target of 33.01.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: USD/JPY bears maintain upper hand
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 



