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FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
- USD/THB is currently trading around 32.77 marks.
- It made intraday high at 32.77 and low at 32.73 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 32.67 mark.
- On the top side, key resistances are seen at 32.83, 32.92, 33.07, 33.15, 33.32 and 33.52 marks respectively.
- Alternatively, a daily close below 32.72 will drag the parity down towards key supports around 32.65, 32.57, 32.42, 32.20 and 32.07 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.Current upside movement is short term trend correction only.
We prefer to take long position on USD/THB around 32.75, stop loss at 32.67 and target of 32.83/32.92.
