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- USD/THB is currently trading around 33.37 marks.
- It made intraday high at 33.38 and low at 33.27 marks.
- Intraday bias remains neutral for the moment.
- On the top side, key resistances are seen at 33.40, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 33.22 will drag the parity down towards key supports around 33.15, 33.07, 33.02, 32.90, 32.66 and 32.50 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 take long position on USD/THB only above 33.52, stop loss at 33.22 and target of 33.96.
