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FxWirePro: Thai baht trades marginally higher despite lower than expected consumer confidence index data

  • USD/THB is currently trading around 31.30 marks.
     
  • It made intraday high at 31.34 and low at 31.28 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 31.27 mark.
     
  • On the top side, key resistances are seen at 31.40, 31.50, 31.59, 31.75, 31.92, 32.00, 32.13, 32.28, 32.39, 32.46, 32.61 and 32.85 marks respectively.
     
  • Alternatively, a daily close below 31.27 will drag the parity down towards key supports around 31.18, 31.11, 31.01 and 30.83 marks respectively.
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Thailand Feb consumer confidence index decrease to 79.3 vs previous 80.

We prefer to take short position in USD/THB  only below 31.27, stop loss at 31.40 and target of 31.01.

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June 19 22:00 UTC Released

NZWestpac Consumer Survey

Actual

108.6

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111.2

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4.7 %

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4.3 %

January 31 00:00 UTC 201577201577m

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2016 bln ARS

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-1541 %

January 31 00:00 UTC 201577201577m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 213397213397m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 201577201577m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 201577201577m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 201577201577m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

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