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- USD/THB is currently trading around 32.28 marks.
- It made intraday high at 32.29 and low at 32.12 marks.
- Intraday bias remains bullish till the time pair holds key resistance at 31.85 mark.
- On the top side, key resistances are seen at 32.48, 32.76 and 33.23 marks respectively.
- Alternatively, a daily close below 32.14 will drag the parity down towards key supports around 31.85, 31.56, 31.18, 30.97, 30.87, 30.70 and 30.56 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 go long on USD/THB around 32.20, stop loss at 31.85 and target of 32.48/32.76.
