- USD/THB is currently trading around 35.54 marks.
- It made intraday high at 35.62 and low at 35.53 marks.
- Intraday bias remains bearish for the moment.
- On the top side key resistances are seen at 35.73, 35.90, 36.05, 36.44 and 36.66 marks respectively.
- Alternatively, a daily close below 35.62 will drag the parity down towards key supports around 35.52, 35.23, 35.04, 34.83, 34.64, 34.51 and 34.20 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand will release trade balance data at 0400 GMT.
We prefer to take short position in USD/THB only below 35.52, stop loss at 35.70 and target of 35.23.
