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FxWirePro: USD/THB hits fresh 9-month high at 35.90 mark, sustained break above targets 36.44

  • USD/THB is currently trading around 35.71 marks.
     
  • It made intraday high at 35.78 and low at 35.65 marks.
     
  • Intraday bias remains bullish for the moment.
     
  • On the top side key resistances are seen at 35.90, 36.05, 36.44 and 36.66 marks respectively.
     
  • Alternatively, a daily close below 35.45 will drag the parity down towards key supports around 35.28, 35.06, 34.77, 34.51 and 34.20 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Thailand stock index falls more than 1 pct in early hours of Asia.

We prefer to go long on USD/THB around 35.68, stop loss 35.45 and target 35.90/36.05/36.44.

  • Market Data
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