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FxWirePro: USD/THB remains well supported above 31.50 mark, Thailand’s manufacturing production data in focus

  • USD/THB is currently trading around 31.56 marks.
     
  • It made intraday high at 31.56 and low at 31.50 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 31.50 mark.
     
  • On the top side, key resistances are seen at 31.78, 31.92, 32.02, 32.10, 32.22 and 32.54 marks respectively.
     
  • Alternatively, a daily close below 31.50 will drag the parity down towards key supports around 31.42, 31.28, 31.20 and 31.06 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Thailand will release manufacturing production data around 0400 GMT.

We prefer to take short position on USD/THB only below 31.50, stop loss 31.78 and target of 31.20/31.06.

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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Previous

48.6 %

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 778287778287m

ARTrade Balance

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Previous

-1541 %

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 778287778287m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766467766467m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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