FxWirePro: USD/THB hovers around 33.40 mark, Thailand’s economic data in focus

• USD/THB is currently trading around 33.38 marks.
   
• It made intraday high at 33.39 and low at 33.34 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 33.38 mark.
   
• A daily close below 33.38 will drag the parity down towards key supports around 33.28, 33.20, 33.10, 33.03, 32.94, 32.85, 32.77 and 32.54 marks respectively.
   
• On the top side, key resistances are seen at 33.38, 33.52, 33.77, 33.94, 34.10, 34.23, 34.34, 34.48, 34.55, 34.67 and 34.74 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.
   
• Thailand will release current account as well as trade balance data at 0730 GMT.

We prefer to take long position on USD/THB around 33.36, stop loss at 33.28 and target of 33.77 mark.

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