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- USD/THB is trading around 35.26 levels.
- It made intraday high at 35.26 and low at 35.17 levels.
- Yesterday Thailand central bank kept policy rate unchanged at 1.50 pct as expected.
- Intraday bias remains bullish till the time pair holds key support at 34.94 marks.
- A break below tests key support level at 34.41 and 34.18 respectively.
- On the other side, a current rebound from key support will drag the parity up towards key resistance at 35.31/ 35.54 levels.
We prefer to take long position in USD/THB only above 35.30 marks, stop loss 34.94 and target 35.41/ 35.54 levels.
