- USD/THB is currently trading around 30.60 marks.
- It made intraday high at 30.64 and low at 30.59 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 30.72 mark.
- On the top side, key resistances are seen at 30.72, 30.97, 31.20, 31.50, 31.70, 31.99, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 30.47 will drag the parity down towards key supports around 30.35, 30.24, 30.12 and 30.02 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Thailand will release consumer confidence data around 0400 GMT.
We prefer to go long on USD/THB only above 30.72, stop loss at 30.55 and target of 30.97/31.08/31.20.
