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AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108 
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AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop 
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- USD/THB is currently trading around 33.07 marks.
- It made intraday high at 33.12 and low at 33.07 marks.
- Intraday bias remains slightly bearish for the moment.
- A daily close below 33.12 will drag the parity down towards key supports around 33.03, 32.77 and 32.54 marks respectively.
- On the top side, key resistances are seen at 33.12, 33.21, 33.32, 33.43, 33.52, 33.77, 33.94, 34.10, 34.23, 34.34, 34.48, 34.55, 34.67 and 34.74 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 in USD/THB around 33.09, stop loss at 33.15 and target of 33.03/32.94.
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