- USD/THB is currently trading around 30.16 marks.
- It made intraday high at 30.19 and low at 30.11 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 29.96 mark.
- On the top side, key resistances are seen at 30.16, 30.25, 30.43, 30.72, 30.97, 31.20, 31.50 and 31.70 marks respectively.
- Alternatively, a daily close below 29.96 will drag the parity down towards key supports around 29.70, 29.55, 29.25 and 28.56 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to go long on USD/THB only above 30.25, stop loss at 30.10 and target of 30.43/30.72.
