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- USD/THB is currently trading around 35.08 marks.
- It made intraday high at 35.10 and low at 35.05 marks.
- Intraday bias remains neutral till the time pair holds key support at 35.06 marks.
- 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 35.06 will drag the parity down towards key supports around 34.85, 34.64, 34.51 and 34.20 marks respectively.
- Thailand will release Forex reserves and currency swap data at 0730 GMT.
We prefer to take short position in USD/THB only below 35.03, stop loss 35.21 and target of 34.85.
