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FxWirePro: GBP/NZD downside pressure builds, key support level in focus 
- USD/THB is currently trading around 31.87 marks.
- It made intraday high at 31.93 and low at 31.86 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 32.06 mark.
- On the top side, key resistances are seen at 31.93, 32.06, 32.22, 32.48, 32.60 and 32.89 marks respectively.
- Alternatively, a daily close below 31.93 will drag the parity down towards key supports around 31.80, 31.68, 31.51, 31.30 and 31.20 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position in USD/THB around 31.90, stop loss at 32.06 and target of 31.51.
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