- USD/THB is currently trading around 33.17 marks.
- It made intraday high at 33.22 and low at 33.11 marks.
- Intraday bias remains bullish till the time pair holds key support at 33.02 mark.
- On the top side, key resistances are seen at 33.24, 33.48 and 33.78 marks respectively.
- Alternatively, a daily close below 33.15 will drag the parity down towards key supports around 33.02, 32.90, 32.66, 32.50, 32.22, 32.10, 31.97, 31.90 and 31.68 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand will release various economic data at 0730 GMT.
We prefer to take long position in USD/THB around 33.14, stop loss at 33.02 and target of 33.48.
