- USD/THB is currently trading around 32.16 marks.
- It made intraday high at 32.20 and low at 32.15 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 32.22 mark.
- On the top side, key resistances are seen at 32.22, 32.60 and 32.89 marks respectively.
- Alternatively, a daily close below 32.18 will drag the parity down towards key supports around 32.02, 31.80, 31.68, 31.51, 31.30, 31.20, 31.01 and 30.83 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.
- Thailand Q1 GDP growth y/y increase to 4.8 % (forecast 4 %) vs previous 4 %.
- Thailand Q1 GDP growth q/q sa increase to 2 % (forecast 1.05 %) vs previous 0.5 %.
We prefer to take long position in USD/THB only above 31.22, stop loss at 32.02 and target of 32.60.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY partially recovers early session losses
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD retreats slightly but trend is still bullish 



