- USD/THB is currently trading around 30.30 marks.
- It made intraday high at 30.30 and low at 30.25 marks.
- Intraday bias remains neutral till the time pair holds key support at 30.26 mark.
- On the top side, key resistances are seen at 30.40, 30.72, 30.97, 31.20, 31.50 and 31.70 marks respectively.
- Alternatively, a daily close below 30.26 will drag the parity down towards key supports around 30.12, 30.02 and 29.84 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 short on USD/THB only below 30.26, stop loss at 30.40 and target of 30.12/30.02.
By Aarti Panchal