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- USD/THB is currently trading around 32.03 marks.
- It made intraday high at 32.09 and low at 32.00 marks.
- Intraday bias remains bullish till the time pair holds key support at 31.87 mark.
- On the top side, key resistances are seen at 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 32.05 will drag the parity down towards key supports around 31.87, 31.70, 31.58, 31.42, 31.28, 31.20 and 31.06 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 32.10, stop loss at 31.87 and target of 32.22/32.54.
