Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/THB consolidates around 31.75 mark, further sideways movement likely

  • USD/THB is currently trading around 31.72 marks.
     
  • It made intraday high at 31.73 and low at 31.64 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 31.57 mark.
     
  • On the top side, key resistances are seen at 31.93, 32.02, 32.10, 32.22 and 32.48 marks respectively.
     
  • Alternatively, a daily close below 31.70 will drag the parity down towards key supports around  31.57, 31.46, 31.24 and 31.10 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 around 31.80, stop loss at 31.93 and target of 31.46.

  • Market Data
Close

Welcome to EconoTimes

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