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FxWirePro: USD/THB hovers around key resistance at 30.90 mark, Thailand’s repo rate decision in focus

  • USD/THB is currently trading around 30.84 marks.
     
  • It made intraday high at 30.86 and low at 30.75 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 30.70 marks.
     
  • On the top side, key resistances are seen at 30.90, 31.20, 31.50, 31.70, 31.99, 32.10, 32.22 and 32.54 marks respectively.
     
  • Alternatively, a daily close below 30.76 will drag the parity down towards key supports around 30.42, 30.28 and 30.12 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
     
  • BOT will release Repo rate decision around 0635 GMT.

We prefer to take long position on USD/THB only above 30.90, stop loss at 30.70 and target of 31.20.

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2019-07-02 15:32:08
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July 2 15:00 UTC Released

DKCurrency Reserves

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449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 765988765988m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 765988765988m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 777808777808m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 765988765988m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 777808777808m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 765988765988m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 765988765988m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 765988765988m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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