- USD/THB is currently trading around 31.11 marks.
- It made intraday high at 31.14 and low at 31.09 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.30 mark.
- On the top side, key resistances are seen at 31.30, 31.44, 31.62, 31.70, 31.93, 32.02 and 32.10 marks respectively.
- Alternatively, a daily close below 31.10 will drag the parity down towards key supports around 30.94, 30.20 and 29.66 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 on USD/THB around 31.15, stop loss at 31.30 and target of 30.94/30.66. mark.