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- USD/THB is currently trading around 35.03 marks.
- It made intraday high at 35.05 and low at 35.02 marks.
- Intraday bias remains neutral for the moment.
- On the top side key resistances are seen at 35.11, 35.21, 35.33, 35.41, 35.67, 35.74, 35.84, 35.93, 36.01, 36.08, 36.39 and 36.66 marks respectively.
- Alternatively, a daily close below 35.01 will drag the parity down towards key supports around 34.85, 34.64, 34.51 and 34.20 marks respectively.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
