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FxWirePro: Thai baht trades flat ahead of GDP data, faces key support at 33.01 mark

  • USD/THB is currently trading around 33.18 marks.
     
  • It made intraday high at 33.20 and low at 33.16 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • On the top side, key resistances are seen at 33.40, 33.52, 33.78 and 33.96 marks respectively.
     
  • Alternatively, a daily close below 33.15 will drag the parity down towards key supports around  33.07, 33.01, 32.90, 32.66 and 32.50 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 33.15, stop loss at 33.35 and target of 33.01.

  • Market Data
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