- USD/THB is currently trading around 32.91 marks.
- It made intraday high at 32.98 and low at 32.85 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 33.02 mark.
- On the top side, key resistances are seen at 33.02, 33.15, 33.32, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 32.78 will drag the parity down towards key supports around 32.57, 32.42, 32.20 and 32.07 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 short position on USD/THB only below 32.78, stop loss 33.02 and target of 32.42.