- USD/THB is currently trading around 31.89 marks.
- It made intraday high at 31.91 and low at 31.86 marks.
- Intraday bias remains neutral till the time pair holds key support at 31.85 mark
- On the top side, key resistances are seen at 32.02, 32.12, 32.23, 32.48, 32.60 and 32.89 marks respectively.
- Alternatively, a daily close below 31.90 will drag the parity down towards key supports around 31.68, 31.51, 31.30 and 31.20 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position in USD/THB only below 31.85, stop loss at 32.02 and target of 31.68.
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