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- USD/THB is currently trading around 35.61 marks.
- It made intraday high at 35.63 and low at 35.58 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 35.70 marks.
- On the top side key resistances are seen at 35.70, 35.90, 36.05, 36.44 and 36.66 marks respectively.
- Alternatively, a daily close below 35.58 will drag the parity down towards key supports around 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 only above 35.70, stop loss at 35.58 and target of 35.90.
