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- USD/THB is currently trading around 35.70 marks.
- It made intraday high at 35.74 and low at 35.65 marks.
- Intraday bias remains neutral till the time pair holds key support at 35.65 mark.
- On the top side key resistances are seen at 35.84, 35.93, 36.01, 36.08, 36.39 and 36.66 marks respectively.
- Alternatively, a daily close below 35.65 will drag the parity down towards key supports around 35.54, 35.41, 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.
We prefer to take long position in USD/THB around 35.70, stop loss at 35.54 and target of 35.84/35.93.
