- USD/THB is currently trading around 31.27 marks.
- It made intraday high at 31.28 and low at 31.25 marks.
- Intraday bias remains neutral for the moment.
- On the top side, key resistances are seen at 31.30, 31.44, 31.62, 31.70, 31.93, 32.02 and 32.10 marks respectively.
- Alternatively, a daily close below 31.22 will drag the parity down towards key supports around 31.10, 30.94, 30.20 and 29.66 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/THB only below 31.25, stop loss at 31.35 and target of 31.18/31.06 mark.
