- USD/THB is currently trading around 32.94 marks.
- It made intraday high at 32.94 and low at 32.89 marks.
- Intraday bias remains neutral till the time pair holds key support at 32.90 mark.
- On the top side, key resistances are seen at 33.02, 33.15, 33.32, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 32.90 will drag the parity down towards key supports around 32.77, 32.57 and 32.42 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 forex reserves and currency swap data at 0730 GMT.
We prefer to take short position on USD/THB only below 32.90, stop loss 33.05 and target of 32.77.
