Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/THB breaks key support at 33.22 mark, bias turns slightly bearish

  • USD/THB is currently trading around 33.19 marks.
     
  • It made intraday high at 33.22 and low at 33.14 marks.
     
  • Intraday bias remains slightly bearish 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 33.22 will drag the parity down towards key supports around  33.15, 33.07, 33.02, 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 around 33.22, stop loss at 33.35 and target of 33.02.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.