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FxWirePro: USD/THB jumps above 31.50 mark, bias remains bullish

  • USD/THB is currently trading around 31.47 marks.
     
  • It made intraday high at 31.53 and low at 31.44 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 31.30 mark.
     
  • A daily close below 31.45 will drag the parity down towards key supports around 31.30, 31.11, 31.01 and 30.83 marks respectively.
     
  • On the top side, key resistances are seen at 31.57, 31.80, 31.92, 32.00, 32.13, 32.28, 32.39, 32.46, 32.61 and 32.85 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.

We prefer to take long position in USD/THB around 31.45, stop loss at 31.30 and target of 31.80.

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2016 bln ARS

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January 22 19:00 UTC 4000340003m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 2818328183m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 2818328183m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 2818328183m

ARAnnual Primary Balance*

Actual

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2016 bln ARS

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Bln AR bln ARS

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