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FxWirePro: USD/THB remains volatile in early Asian hours, faces immediate resistance at 32.02 mark

  • USD/THB is currently trading around 31.92 marks.
     
  • It made intraday high at 31.93 and low at 31.79 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 31.70 marks.
     
  • On the top side, key resistances are seen at 31.99, 32.10, 32.22 and 32.54 marks respectively.
     
  • Alternatively, a daily close below 31.87 will drag the parity down towards key supports around 31.70, 31.40, 31.28, 31.20 and 31.06 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position on USD/THB only above 32.02, stop loss at 31.70 and target of 32.22

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